Ontop and Opentrade Launch Global ~3% APR Rewards Program
- Ontop has introduced a ~3% APR rewards program for its global workforce, utilizing stablecoin yield infrastructure from Opentrade.
- The program began in December with an initial pilot involving 1,300 users and surpassed $1 million in user-provided funds within two weeks.
- Currently, the platform-wide initiative has expanded to over $3 million in balances.
- Ontop processed over $1 billion in payroll across more than 150 countries during the year.
- Opentrade’s APIs provide real-time visibility into user balances and rewards performance directly within Ontop’s Global Account system.
This partnership allows Ontop to offer financial protection against inflation and currency volatility by activating unused payroll funds as a source of yield for cross-border workers. The integration with Opentrade enhances Ontop’s financial services without requiring new infrastructure development.
The collaboration between Ontop and Opentrade demonstrates a fintech trend of leveraging payroll float for financial growth opportunities, benefiting remote workers globally by providing stable returns on their USD balances. (Source)
