Beam and Braid enter into a partnership

On June 14th, Beam and Braid announced a partnership to provide stablecoin infrastructure for community banks and credit unions in the United States. Beam provides stablecoin-related infrastructure, while Braid helps small banks modernize their products through APIs, such as real-time payments and new card network features.

The plan will start with seven banks in the Northeast and Midwest United States, focusing on banks with assets under $500 million, providing them with an innovation sandbox to unlock faster payments, cross-border transactions, and modern wallet experiences. For banks with assets over $500 million, more direct integration and enterprise-level stablecoin products will be provided.