Banking Circle Launches Stablecoin Settlement Service

According to an official announcement from Banking Circle, the company launched its stablecoin settlement service on April 27, 2026, after obtaining a CASP license from Luxembourg's financial regulator CSSF on April 15. The new service supports instant two-way conversion between fiat currencies and stablecoins such as USDC, USDG, and EURI, enabling 24/7 settlement with regulatory traceability. The global stablecoin market capitalization is approximately €250 billion, with annual payment transaction volumes around €330 billion and monthly on-chain transaction volumes exceeding €8 trillion. CEO Laust Bertelsen stated that stablecoins have become the core infrastructure for cross-border settlements and fund management. This service combines blockchain payment efficiency with banking compliance standards, serving over 750 payment institution clients worldwide.