OpenPayd Hits $107M Revenue Run Rate as Stablecoin Adoption Surges

OpenPayd has surpassed $100 million in annual recurring revenue, driven by a significant uptick in stablecoin orchestration alongside its core fiat infrastructure. For fintech leaders, these results validate the growing institutional demand for interoperable rails that bridge traditional banking with digital assets, as the company scales its global transaction volume to over $360 billion.

What was announced

OpenPayd reached an annual recurring revenue (ARR) of $107 million in October 2026. This milestone follows a second quarter in its FY27 financial year where revenue grew 44% year-on-year to reach $25.4 million. The growth is distributed across two primary pillars: established fiat infrastructure and a rapidly expanding stablecoin orchestration service. Fiat services accounted for 70% of the revenue growth in the first half of the year, while stablecoin orchestration contributed the remaining 30%.

Since its launch in May 2025, the stablecoin infrastructure has seen significant adoption, with first-half revenue from this segment jumping from $0.5 million to $3.9 million year-on-year. The platform’s ability to move between fiat and digital assets via a single layer has attracted a substantial volume of new business; customers onboarded during FY27 were responsible for 34% of the growth in banking and payments revenue. Of that new customer revenue, 32% was specifically tied to stablecoin orchestration. As of October 2026, the company supports more than 1,260 corporate clients. The scale of the operation is further evidenced by an annualised transaction volume exceeding $360 billion and client balances held on the platform surpassing $1 billion.

"Passing $100 million in annual recurring revenue is an important milestone for OpenPayd. What’s particularly significant is where that growth is coming from – continued expansion across our fiat business, alongside a meaningful contribution from stablecoin orchestration."

Iana Dimitrova, Chief Executive Officer at OpenPayd

The companies involved

OpenPayd is a London-based provider of financial infrastructure, positioning itself as a critical link between traditional finance and the digital asset economy. The firm provides a range of services including banking-as-a-service, payments, and FX, primarily targeting corporate clients who require scalable, API-driven financial tools. OpenPayd has established a significant presence in the fintech sector, evidenced by its extensive history of integration with major industry players and its focus on providing a unified infrastructure layer. By offering access to both blockchain rails and traditional clearing systems, the company competes in a specialized segment of the market that prioritizes interoperability. Its growth to over 1,260 corporate clients suggests a strong foothold among institutional users who are increasingly looking to manage diverse monetary flows without maintaining separate, siloed systems for fiat and digital currencies. Context data also notes a single prior interaction with Titan Acquisition Corp. in the broader market landscape.

What FF News has reported before

FF News has closely tracked OpenPayd’s strategic moves throughout 2026, particularly its efforts to bridge the gap between fiat and digital assets. In September, the company secured a major partnership when Bybit Taps OpenPayd to Power Global Fiat Operations and USD Settlement, followed shortly by news that Sage Capital Management Taps OpenPayd for Institutional Fiat-to-Digital Asset Access. Earlier that month, the firm made a significant play for the North American market, as reported in OpenPayd Expands to U.S. Market with Acquisition of 43 Money Transmitter Licences. This followed an August integration where OpenPayd Joins Circle Payments Network for Near-Instant Global Fiat Settlement, further cementing its role in the stablecoin ecosystem.

What this means

These results signal a shift in the "fiat versus crypto" narrative toward a reality of "fiat plus crypto." The fact that 30% of growth is now coming from stablecoin orchestration suggests that digital assets are no longer a peripheral experiment but a core component of corporate treasury and payment strategies. This puts immense pressure on traditional correspondent banking networks that remain slow to adopt blockchain rails. The industry must now grapple with the challenge of maintaining compliance and liquidity across these dual systems. As transaction volumes hit the hundreds of billions, the primary question for the sector is whether regulatory frameworks can keep pace with this level of cross-rail interoperability.