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Cryptocurrency News Articles

OwlTing Group Launches OwlPay HarborTM, a Next-Generation Digital Payment Infrastructure Enabling Web3, DeFi, and Digital Wallet Service Providers to Seamlessly Convert Between Traditional U.S. Dollars (USD) and the USDC[1] stablecoin

Feb 27, 2025 at 04:40 pm

This elevates the Company to becoming an official Anchor[2] on the Stellar network[3], one of the world's fastest-growing payment ecosystems, processing $4.8 billion in transactions and connecting more than 9 million active addresses worldwide[1].

OwlTing Group Launches OwlPay HarborTM, a Next-Generation Digital Payment Infrastructure Enabling Web3, DeFi, and Digital Wallet Service Providers to Seamlessly Convert Between Traditional U.S. Dollars (USD) and the USDC[1] stablecoin

OwlTing Group, a global blockchain fintech company, today announced the launch of OwlPay HarborTM, a next-generation digital payment infrastructure that enables Web3, DeFi, and digital wallet service providers to offer their users to seamlessly convert between traditional U.S. dollars (USD) and the USDC[1] stablecoin. This addresses the growing demand for efficient fiat-to-crypto asset solutions and elevates OwlTing to become an official Anchor[2] on the Stellar network[3], one of the world’s fastest-growing payment ecosystems, processing $4.8 billion in transactions and connecting more than 9 million active addresses worldwide[1].

OwlPay HarborTM simplifies fiat on/off-ramping by minimizing transaction costs incurred by third parties for businesses integrating with the Stellar network, offering competitive fees without charging a monthly service fee. With enterprise-ready APIs and wide compliance coverage across 31 U.S. states[2], OwlPay HarborTM is positioned as a trusted and secure partner for Web3 and decentralized finance players operating within the U.S. The Company is also in the process of preparing for applications for relevant licenses in Japan and plans to extend its OwlPay HarborTM infrastructure to the Japanese market in the near future.

“OwlPay HarborTM realizes our vision of bridging traditional finance with digital assets across platforms. The strong regulatory foundation of the Stellar network makes it an ideal network for us to build on. With our robust portfolio of Money Transmitter Licenses and regulatory expertise in the U.S., we support rising innovators as they navigate the ever-changing market dynamics,” said Darren Wang, Founder and CEO at OwlTing Group.

“We’re excited to welcome OwlPay HarborTM as a Stellar anchor. Their enterprise solution aligns with our mission to expand access to the global financial system. As our first Asia-based Anchor partner, OwlTing will play a vital role in accelerating the adoption of Stellar-powered services across multiple regions. Together, we will break barriers and continue improving the world financial inclusion.” said Denelle Dixon, CEO and Executive Director at Stellar Development Foundation.

OwlTing maintains high standards of compliance, integrity, and security through collaborations with partners such as Chainalysis and Sumsub for secured Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The Company has also obtained the ISO 27001 certification, further minimizing cyber risks. This strong compliance foundation, together with the strategic Stellar partnership announced in August 2024, positions OwlPay HarborTM as the go-to enterprise solution for simple USD/USDC conversion.

Moving forward, the Company plans to expand the OwlPay HarborTM infrastructure beyond Stellar to key networks such as Ethereum, Base, and Solana, ensuring a more versatile and compatible API experience for businesses operating within the broader blockchain ecosystem.

Key Features of OwlPay HarborTM:

• Enterprise-ready APIs and Support: established APIs with dedicated technical support.

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Other articles published on Feb 27, 2025