[Circle CEO Says USDC Has Replaced Some Wire Transfers for Internal Fund Settlements] Circle CEO Jeremy Allaire stated that Circle has completed approximately $68 million in intercompany settlements using USDC and Circle Mint, involving eight entities, taking less than 30 minutes and supporting 24/7 operations, replacing the traditional wire transfer process that takes 1–3 days. Currently, 90% of the company's transfer pricing settlements can be completed within a day, and in the future, the real-time settlement model based on stablecoins will be opened to more enterprises.