OBOOK Holdings Inc. announced the completion of its integration with Circle Payments Network (CPN), Circle's global network that enables near-instant, compliant stablecoin transactions. As one of Asia's financial institutions in CPN, OwlTing expands its payment infrastructure to deliver lower costs and broader access for cross-border payments into high-growth regions, including Latin America, Africa, and Europe. This collaboration strengthens OwlTing's position in stablecoin infrastructure, allowing users to send regulated stablecoin like USDC for near-instant settlements in the $194 trillion cross-border payments market2.
By addressing traditional challenges like high fees and delays, CPN provides a new alternative for efficient global money movement. As an Originating Financial Institution (OFI) in CPN, Owl Ting enables its digital wallet, OwlPay Wallet Pro, users to initiate stablecoin payments with intelligent routing based on the best rates, fees, and providers. The initial rollout of the service focuses on regions with high cross-border payment needs, such as Brazil, Nigeria, and the European Union (EU).
These markets highlight massive opportunities, such as the EU's projected $213 billion in annual remittance inflows3 supporting trade, migration, and investments, and Nigeria's anticipated remittance inflows of $26 billion amid Africa's growing market share and economic demands. This underscores the demand for faster, affordable solutions in remittances, payroll, and trade finance serving billions of people worldwide. OwlTing stands out with its extensive global regulatory footprint, ensuring secure and trusted stablecoin payments.
The Company holds Money Transmitter Licenses in 39 U.S. states, a Virtual Assets Service Provider (VASP) license in Europe, and an Electronic Payment Intermediary Service Provider (Bank API license) in Japan, while pursuing additional licensing opportunities in Hong Kong, Singapore, and Latin America. This commitment, following OwlTing's successful Nasdaq direct listing, reinforces its leadership in building a regulated stablecoin infrastructure for businesses worldwide.
