Circle, issuer of USDC, and Finastra, a global leader in financial services software, have partnered to bring stablecoin settlement to cross-border payments.
The collaboration will use Finastra’s payment hub solutions, such as Global PAYplus (GPP), as the pioneering Finastra solution to connect financial institutions to Circle’s infrastructure.
“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,” said Chris Walters, CEO at Finastra.
“By connecting Finastra’s payment hub to Circle’s stablecoin infrastructure, we can help our clients access innovative settlement options.”
USDC is a fully regulated stablecoin, designed to maintain a stable value that provides transparency for near-instant settlement.
Finastra will link its global payments customers, who handle more than $5 trillion in daily cross-border flows, to Circle’s blockchain infrastructure.
This will allow settlements in USDC even when both sides send and receive in traditional currencies.
“Together, we’re enabling financial institutions to test and launch innovative payment models that combine blockchain technology with the scale and trust of the existing banking system,” said Jeremy Allaire, co-founder, chairman and CEO at Circle.
The move gives banks an alternative to traditional correspondent networks, speeding up settlements while preserving compliance and FX workflows.
“Finastra’s reach and expertise in powering the payments infrastructure for leading banks worldwide makes them a natural choice to further expand USDC settlement in cross-border flows,” added Allaire.
