Deltec Bank announced a strategic investment of $30 million in Green Pay, entering the stablecoin and payment ecosystem.

Bahamas – Deltec Bank & Trust, a leading encryption-friendly bank headquartered in the Bahamas, announced a milestone strategic investment of $30 million in Green Pay. Green Pay is an innovative fintech company focused on sustainable and inclusive payment solutions. This investment marks Deltec Bank's bold entry into the stablecoin and digital payment ecosystem, aiming to bridge traditional finance with blockchain technology to serve global vulnerable groups. The funds will accelerate Green Pay's expansion in stablecoin integration and environmentally friendly payment infrastructure, enhancing accessibility for the unbanked population. As part of the transaction, Deltec Bank has partnered with Green Pay to launch a dedicated exchange channel for the U Card, which will go live in the second quarter of 2025. This innovative feature allows users to instantly convert their U Card balance or GC tokens into US dollars or other stablecoins (such as USDT), with no fee limits, and supports transfers to over 140 countries. Users can access these services at Deltec Bank's local branches in the Bahamas or through its secure online platform.

"The investment of Deltec Bank in Green Pay represents our expertise in digital asset management and the strategic alignment with Green Pay's vision for low-threshold green payment access," said Omeed Malik, Chairman of Deltec Bank and Trust. "We have processed billions of dollars in stablecoin transactions through a robust encryption infrastructure, ensuring compliance, efficiency, and security. This collaboration will empower millions of people lacking traditional banking services to seamlessly participate in the global economy."

Green Pay is known for its U Card—a multifunctional digital wallet that promotes sustainable transactions—which will leverage this investment to expand its operations and integrate advanced stablecoin functionalities. The U Card exchange channel aims to facilitate seamless conversions, enabling users to convert digital assets into fiat or stablecoins in real time. This initiative underscores the commitment of both companies to financial inclusion, particularly in areas with limited banking services. Deltec Bank's encryption-friendly approach makes it a leader in the Bahamas' burgeoning digital economy. With a track record of handling large stablecoin transactions and digital asset exchanges, Deltec Bank brings unparalleled expertise. The bank's infrastructure has managed billions of dollars in stablecoin transactions while adhering to strict regulatory standards and prioritizing user privacy and transaction speed.

For Green Pay, this investment comes at a pivotal moment as the company seeks to expand its payment ecosystem. "Our partnership with Deltec Bank enables us to accelerate our mission to create a greener and more inclusive financial world," said a spokesperson for Green Pay. "The injection of $30 million will drive innovation in stablecoin adoption and cross-border payments, making everyday transactions more accessible and environmentally focused." This collaboration is expected to set a new benchmark in the fintech sector, combining Deltec Bank's regulatory advantages with Green Pay's user-oriented technology. Industry analysts predict that this move will catalyze broader adoption of stablecoins in emerging markets, where over 1.7 billion people remain unbanked. As the digital financial landscape evolves, Deltec Bank and Green Pay are poised to lead the transformation towards a more equitable and sustainable payment future. For more information about the U Card and upcoming services, please visit the Green Pay platform.

About Deltec Bank and Trust Deltec Bank & Trust is a leading private bank in the Bahamas, focusing on wealth management, digital assets, and innovative financial solutions. With a core emphasis on encryption-friendly services, Deltec Bank supports stablecoin operations and has established itself as a trusted partner in the global blockchain ecosystem.

About Green Pay Green Pay is a financial technology innovator dedicated to sustainable payment solutions. Through products like the U Card and GC token, the company provides eco-friendly digital wallets and transaction tools, empowering users worldwide with secure, low-cost financial access.