Glim uses OpenTrade to earn yield on its treasury

At a glance

Company: Glim is a Colombia-based financial wellness platform helping employers offer modern payroll benefits through a B2B2C model. Employees can collect salaries in multiple currencies, save in dollars, earn yield, and access a debit card with automatic fiat to crypto exchange all in one app. Glim processes payroll for over 10,000 employees across 100+ companies, reducing financial stress for workers and lowering payroll costs for employers.

Headquarters: LATAM

Industry: Neobanks & Fintechs

Products used: USDC MMF Vault

Glim and OpenTrade

Glim uses OpenTrade to earn yield on the USD stablecoin balances it holds as a business. Those balances sit in a vault backed by money market funds, so Glim's treasury earns between payroll cycles instead of sitting idle.

Problem

Running payroll for 100+ companies means Glim holds significant USD balances between payroll runs. Held in stablecoins, those balances earned nothing.

Accessing USD yield through traditional banks is slow and costly for a fintech operating outside the US. Building it in-house would mean sourcing assets, setting up legal structures and running operations, none of which is Glim's core business.

Solution

Glim integrated with OpenTrade to access a vault backed by money market funds. Glim needed a setup that would:

Glim holds the vault position, while OpenTrade connects it to the asset and handles the operational workflows. Withdrawals are processed on a best-efforts T+0 / T+1 basis, with a maximum settlement period of two business day

Key benefits & features

• Earn consistent, real-world asset-backed interest on your USDC that is not subject to crypto price volatility.
• Assets held and managed through OpenTrade's bank-grade off-chain operations and network of top tier banking partners
• Seamless API integration, personalized for Glim, with OpenTrade managing all backend complexity

Results

By integrating with OpenTrade, Glim now earns yield on the USD stablecoin balances it holds as a business. Those balances sit in a vault backed by money market funds, so the money Glim holds between payroll cycles is no longer idle.

The integration was set up around how Glim runs its treasury. OpenTrade handles the operational workflows, so Glim's team doesn't need to source assets, open new banking relationships or manage the process day to day. Treasury balances earn in the background while Glim stays focused on running payroll for its clients.

Conclusion

Join leading platforms like Glim that are transforming idle stablecoin balances into secure, yield-generating assets without compromising on compliance and transparency.

Book a personalized demo to see how OpenTrade can help your platform turn treasury into an additional revenue stream.