Finastra | Crypto

Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more

Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions, […] The post Circle partners with Finastra to expand USDC’s role in cross border payments appeared first on CryptoSlate.

Finastra has connected Global PAYplus with Circle, letting banks integrate USDC settlement into cross-border flows while underlying instructions stay in fiat. The move expands stablecoin use as Circle reports growth and unveils Arc, its new blockchain platform. The post Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows appeared first on Cryptonews.