Finastra and Circle Partner on USDC Payments

Finastra, a global provider of financial services software, has announced a partnership with Circle, a financial technology company and issuer of the $USDC stablecoin. The collaboration will allow banks to use $USDC for settlement in cross-border payments through Finastra’s payment hub solutions, starting with its Global PAYplus (GPP) system.

$USDC is a regulated and fully backed stablecoin designed to maintain a fixed value. By linking GPP to Circle’s infrastructure, Finastra will give banks the option to settle transactions in $USDC, while payment instructions can still begin and end in fiat currency.

Finastra’s GPP processes more than $5 trillion in cross-border transactions daily. The new integration gives financial institutions the ability to reduce dependence on traditional correspondent banking models. Using $USDC for settlement can shorten transaction times and provide a more direct alternative for international transfers, while continuing to operate within established regulatory frameworks.

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