Payment company Convera and Ripple have reached a strategic partnership to launch a stablecoin-based cross-border payment solution. According to Gate News, on March 31, payment company Convera and Ripple announced a strategic cooperation to provide businesses with cryptocurrency-supported payment and fund management solutions. The partnership is based on the "Stablecoin Sandwich" settlement model, where the payment process begins and ends with fiat currency, and the intermediate steps utilize regulated stablecoins for settlement. Under the agreement, Convera is responsible for coordinating the end-to-end payment experience, while Ripple provides liquidity support, on/off ramps, and infrastructure for cross-border settlements.