USDC Gains Ground in Banking as Circle Teams up With Finastra for Global Transfers

CN
9 hours ago

Circle Internet Group Inc. (NYSE: CRCL) announced on Aug. 27, 2025, a strategic partnership with financial software provider Finastra to embed USDC settlement into the Global Payplus (GPP) platform. The initiative is designed to let banks adopt stablecoin settlement for international transfers while continuing to operate in fiat currencies.

“This collaboration is about giving banks the tools they need to innovate in cross-border payments without having to build a standalone payment processing infrastructure,” Chris Walters, Finastra’s chief executive officer, stated. The companies explained the broader scope of the agreement:

The collaboration will leverage Finastra’s payment hub solutions, including Global Payplus (GPP), as the first Finastra solution to connect financial institutions to Circle’s payment infrastructure, offering rapid, cost-effective international transfers.

Central to the arrangement is Circle’s USDC, a fully reserved and regulated stablecoin designed for transparent, near-instant settlement. By enabling transactions to be settled in USDC even while instructions remain in fiat, banks gain the ability to reduce reliance on lengthy correspondent banking chains while still meeting compliance and foreign exchange requirements.

Jeremy Allaire, Circle’s co-founder and chief executive officer, emphasized the significance of the alliance: “Finastra’s reach and expertise in powering the payments infrastructure for leading banks worldwide make them a natural choice to further expand USDC settlement in cross-border flows.” On social media platform X, he further commented:

Proud to be working with Finastra who support transaction infrastructure for some of the world’s largest banks. Circle’s stablecoin network and USDC continue to expand and integrate with the leading infrastructure companies that serve financial institutions globally.

Industry analysts see the move as another signal of how blockchain-based solutions are being woven into established financial infrastructure. Supporters also contend that banks benefit from the flexibility to experiment with blockchain models without dismantling existing systems, potentially accelerating innovation in global money movement.

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