Circle Internet Group and Finastra Collaborate to Enable USDC Settlement in Cross-Border Payments

Reuters
Aug 27
<a href="https://laohu8.com/S/CRCL">Circle</a> Internet Group and Finastra Collaborate to Enable USDC Settlement in Cross-Border Payments

Circle Internet Group Inc. has entered a strategic collaboration with Finastra, a leading global financial services software provider, to integrate USDC stablecoin settlement into cross-border payment flows. This partnership will leverage Finastra's Global PAYplus $(GPP)$ platform, allowing banks worldwide to enhance their cross-border money movement capabilities. By connecting Finastra's payment hub to Circle's payment infrastructure, the collaboration aims to offer rapid and cost-effective international transfers, enabling banks to innovate without building standalone payment processing infrastructures. This development is expected to accelerate settlement times while maintaining compliance and FX processes, providing financial institutions with new opportunities to innovate in cross-border payments.

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