According to TechFlow, on June 14, Blockworks reported that $Beam and Braid announced a collaboration to provide stablecoin infrastructure for community banks and credit unions in the United States. $Beam provides infrastructure related to stablecoins, while Braid helps small banks modernize their products through APIs, such as real-time payments and new card network features.
The program will start with seven banks in the Northeastern and Midwestern United States, focusing on banks with assets under 500 million USD, offering them an innovative sandbox to unlock faster payments, cross-border transactions, and modern wallet experiences. For banks with assets exceeding 500 million USD, more direct integrations and enterprise-level stablecoin products will be provided.