OwlTing Unveils OwlPay Harbor™, Offering USDC On/Off-Ramp Service
The Company officially becomes a Stellar Anchor that enables seamless API integration for Web3, DeFi, and digital wallet companies to make compliant and reliable transactions.
TAIPEI, Feb. 26, 2025 /PRNewswire/ — 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.
About OwlTing Group
Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan“. With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.
About Stellar
Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility.
About the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology. For more information, visit https://stellar.org/foundation.
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[1] USDC is an internet-native, fully-reserved, regulated digital dollar that leverages blockchain networks to enable businesses, developers, and individuals to conduct near-real-time, low-cost global transactions. It is a leading, fully-reserved global stablecoin issued through Circle’s regulated affiliates. To learn more about using or accessing USDC, visit USDC.com. To learn more about Circle’s regulatory authorizations, visit Circle’s Licenses page https://www.circle.com/legal/licenses. |
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[2] An anchor is a Stellar-specific term for the on and off-ramps that connect the Stellar network to traditional financial rails, such as a fintech company like OwlTing Group. Anchors accept users’ deposits of fiat currencies for receiving the equivalent digital tokens on the Stellar network. Anchors also allow token holders to redeem their tokens for the real-world assets they represent. |
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[3] Stellar is an open-source network that connects the world’s financial infrastructure, supported by The Stellar Development Foundation (SDF), a U.S. non-profit organization. |
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[4] According to Stellar’s Q3 2024 report, it has processed $4.8 billion in payment transactions and connecting more than 9 million active addresses. |
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[5] As of January 2025, OwlTing Group has obtained MTL licenses in 31 U.S. states and is in the process of applying for relevant legal trading licenses in other U.S. states. For a list of U.S. licenses obtained, please see https://www.owlting.com/OwlPay®/licenses?lang=en. |
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[6] SEP-24 is the standardized protocol for hosted deposits and withdrawals on Stellar’s ecosystem. With OwlPay HarborTM, businesses can make their on/off-ramp services available as an in-app experience through Stellar-based applications such as wallets and exchanges, extending their reach and connecting with users through the applications they already use. |
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[7] SEP-10 is the authentication protocol of Stellar. This is used to verify the user’s KYC information. |
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SOURCE OwlTing Group
