OwlTing Group (the “Company”), 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, addressing the growing demand for efficient fiat-to-crypto asset solutions.
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[4]. 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[5], OwlPay HarborTM is positioned as a trusted and secure partner for Web3 and decentralized finance players operating in the U.S. The Company is also in the process of preparing for applications for relevant licenses in Japan and plans to extend its infrastructure to the Japanese market in the near future.
“OwlPay HarborTM represents our vision of bridging traditional finance with digital assets across platforms,” said Darren Wang, Founder and CEO at OwlTing Group. “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 sail through the ever-changing market dynamics.”
“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,” shared Denelle Dixon, CEO and Executive Director at Stellar Development Foundation. “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.”
OwlTing upholds 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, reinforcing its commitment to minimizing cyber risks. This strong compliance foundation, coupled 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:
- Easy Integration: support the Stellar network, including SEP-24[6] and SEP-10[7] protocols, for fast, low-cost, and secure transactions.
- Quick On/Off-Ramp: offer Bank ACH and wire services for smooth fiat deposits.
- Reduced Cost: minimize third-party involvement and ensure a 1:1 USD/ USDC exchange rate, with competitive fees and no monthly service fees.
- Strong Regulatory: Regulatory compliant in 31 U.S. states with every transaction backed by robust KYC and AML processes, ensuring compliance and reliability for businesses operating in the U.S.
- Enterprise-ready APIs and Support: established APIs with dedicated technical support.
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