Orbital, a payment orchestration platform across stablecoins and traditional payment rails, announced a partnership with Stable, the L1 blockchain network for stablecoin-based transactions across assets, built for streamlined payment flows. Once integrated, this will provide Orbital’s customers with a stablecoin-native L1 for cost-efficient and user-friendly payments.
Stablecoin-native L1s have emerged to enhance settlement cost and latency, fueled by the rise in stablecoin transaction volumes. It is estimated that there are “over 500 million USDT users worldwide.” (However, this is probably too high and not entirely accurate.)
Stable is said to be one of the first blockchains built for stablecoin payments backed by various industry players. It recently announced a PYUSD expansion with PayPal Ventures and “raised a $28M seed round in July.”
The integration will provide Orbital’s customers with the means to process payments via Stable’s L1 blockchain. This will enable customers “to process USDT payments with very low transaction fees, allowing other token transfers and smart contract operations to be paid directly in USDT rather than via native chain tokens, as is typical with incumbent blockchains.”
Customers will be able to process payments via PYUSD, expanding Orbital’s crypto rail options and diversifying route optionality “for pay-ins, payouts, and treasury management.” The integration is designed to result in an accessible chain for Orbital clients to process transactions.
Orbital group is a payment orchestration platform specialised in delivering stablecoin and traditional payments for enterprises.
It equips B2B and B2C businesses with a platform that offers named vIBANs, stablecoin wallets, and ability “to pay-in, payout, and exchange across all major stablecoins, traditional currencies, and over 80 currencies interchangeably.”
Orbital’s licensing framework, combined with compliance with security standards such as SOC 2 Type 2, ISO 27001:2022, CSA TPC, and Cyber Essentials Plus, enables the platform to unify stablecoin as well as traditional currency payments.
As noted in the update, Stable is a Layer 1 blockchain designed for financial transactions, powered by USDT as the native gas token. Its design prioritizes usability, “reducing friction for end users by eliminating the need for volatile tokens for transaction fees.”
Suited for digital payments, remittances, cross-border transactions, Stable enables “instant settlement, enhances capital efficiency, and creates a user-friendly ecosystem for developers and users.”
