Reap Expands Stablecoin Focus
Reap, a company backed by Payward (the parent firm of Circle), is positioning itself to offer 24/7 foreign exchange (FX) settlement using stablecoins beyond the US dollar. This move aims to address limitations in traditional banking hours for cross-border transactions.
Mexico Peso First, Asia Next
The firm is currently preparing to integrate a Mexican peso stablecoin into its platform. Reap is also actively exploring the addition of Hong Kong dollar, euro, South Korean won, and Japanese yen-denominated stablecoins. These additions would allow for onchain FX trading outside of standard banking operating hours.
Visa Partnership and Onchain FX
Reap’s strategy leverages its existing partnership with Visa, enabling the settlement of FX transactions directly on blockchain networks. The company’s focus on local currency stablecoins aims to reduce reliance on USD as an intermediary in global FX, potentially lowering costs and increasing speed for businesses and individuals. The initiative seeks to capitalize on the growing demand for faster, more efficient cross-border payments.
Market context
Market data reflects conditions at publication time and is not updated in real time.
Data captured at: Sep 22, 2026 20:34 (Tehran)
Likely market impact
| Segment | Outlook |
|---|---|
| Bitcoin | ● Neutral |
| Ethereum | ● Neutral |
| Altcoins | ▲ Positive |
| Short term | ● Neutral |
| Long term | ▲ Positive |
Spot prices at publication
Fear & Greed Index
Source: CoinDesk