PANews reported on August 28th, according to Coindesk, that Finastra announced it will integrate Circle's USDC stablecoin into its payment hub, allowing banks to use USDC for cross-border payment settlements. The integration will initially be applied to Finastra's Global PAYplus (GPP) system, which processes over $5 trillion in cross-border payment flows daily. The move aims to reduce reliance on costly correspondent networks and provide faster, lower-cost settlement services. Circle’s partnership with Finastra will help banks test and launch innovative payment models by combining blockchain technology with the scale and trust of existing banking systems.PANews reported on August 28th, according to Coindesk, that Finastra announced it will integrate Circle's USDC stablecoin into its payment hub, allowing banks to use USDC for cross-border payment settlements. The integration will initially be applied to Finastra's Global PAYplus (GPP) system, which processes over $5 trillion in cross-border payment flows daily. The move aims to reduce reliance on costly correspondent networks and provide faster, lower-cost settlement services. Circle’s partnership with Finastra will help banks test and launch innovative payment models by combining blockchain technology with the scale and trust of existing banking systems.
Finastra and Circle Partner to Use USDC for $5 Trillion in Cross-Border Payments
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PANews reported on August 28th, according to Coindesk, that Finastra announced it will integrate Circle's USDC stablecoin into its payment hub, allowing banks to use USDC for cross-border payment settlements. The integration will initially be applied to Finastra's Global PAYplus (GPP) system, which processes over $5 trillion in cross-border payment flows daily. The move aims to reduce reliance on costly correspondent networks and provide faster, lower-cost settlement services.
Circle’s partnership with Finastra will help banks test and launch innovative payment models by combining blockchain technology with the scale and trust of existing banking systems.
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