Para for Remittances
Stablecoin Remittances and Cross-Border Payments
Launch payments products anywhere without holding user funds or rebuilding infrastructure from scratch.
Trusted by
industry leaders
From sender to recipient, on rails that just work
On-ramp
Payer converts local currency to stablecoin.
2Initiate Stablecoin Transfer
Payer receives local currency on-ramp in their Para embedded wallet, then initiates a stablecoin transfer to the recipient’s Para wallet.
3Recipient Receives Stablecoin Transfer
Recipient receives stablecoin in their Para wallet.
Off-ramp
Recipient converts stablecoin to local currency.
Onboard
Every user gets a wallet tied to a simple login. No seed phrases, no private-key management — onboarding works even on a feature phone.
On-ramp
Pull in funds via ACH, wire, or SEPA through Para's partner network; swap into stablecoins automatically.
Transfer
Move value across borders in seconds on stablecoin rails, not over days through correspondent banks.
Cash Out / Spend
Off-ramp through local partners, or spend directly from a stablecoin-backed virtual card — the cheapest path for smaller transfers.
Supported fiat & cryptocurrencies
Coala Pay achieves 99% faster settlement — payments that used to take up to 30 days through traditional banking rails settle in under 30 minutes.
Read Case Study
99% faster settlement
Frequently Asked Questions
- A stablecoin remittance converts the sender's local currency into a stablecoin, moves it across borders on crypto rails, and converts it back into local currency for the recipient, without routing through correspondent banks. With Para, senders and recipients each get an embedded wallet tied to a simple login instead of seed phrases, and onboarding works even on a feature phone.
- Yes. A stablecoin remittance platform like Para runs the wallets inside your own app, under your brand. Senders fund transfers via ACH, SEPA, or wire through the Para Partner Network, and those funds are swapped into stablecoins automatically. You keep one integration for pay-ins across markets instead of building separate bank connections for every corridor.
- Stablecoin transfers settle in minutes, while correspondent banking can take days. Coala Pay uses Para for cross-border payments on Stellar and cut settlement from up to 30 days to under 30 minutes, 99% faster than traditional banking rails. Read the case study.
- No. With non-custodial wallets, users control their own funds, so a remittance company can move money across borders without holding customer balances. Para wallets are secured by Distributed MPC, so private keys never exist in full and Para never takes custody of user funds. Para is SOC 2 Type II compliant.
- Recipients can convert stablecoins into local currency through local off-ramp partners, or spend directly from a stablecoin-backed virtual card, which is often the cheapest option for smaller transfers. Para supports USD, EUR, GBP, and MXN, along with USDC, USDT, USDG, and PYUSD.