Financial services software firm Finastra is joining forces stablecoin company Circle Internet Group (NYSE: CRCL) to enable banks to integrate USDC settlements into cross-border payment flows.
The collaboration will leverage Finastra’s payment hub solutions, including Global PAYplus (GPP), as the first Finastra solution to connect financial institutions to Circle’s payment infrastructure, offering rapid, cost-effective international transfers.
USDC is a regulated, fully-reserved stablecoin that provides transparency for near-instant settlement. Finastra will connect its GPP customers – processing over $5 trillion in cross-border transactions daily – to Circle’s infrastructure, enabling settlement in USDC even when payment instructions on both sides remain in fiat currency.
This innovation provides banks the optionality to reduce reliance on traditional correspondent banking chains, accelerating settlement times while maintaining compliance and FX processes.
“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 of Finastra. “By connecting Finastra’s payment hub to Circle’s stablecoin infrastructure, we can help our clients access innovative settlement options.”
“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,” said Jeremy Allaire, head of Circle. “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.”
About Finastra
Finastra is a global leader in financial services software, trusted by 8,000+ customers – including 45 of the world’s top 50 banks – in over 130 countries.
With expertise in Lending, Payments, Universal Banking, and Treasury & Capital Markets, we deliver reliable, scalable, mission-critical solutions such as Loan IQ, LaserPro, Trade Innovation, Essence, Global PAYplus, Payments To Go, and Financial Messaging.
About Circle
Circle (NYSE: CRCL) is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide.
Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.
