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Finastra and Circle Forge Strategic Collaboration to Bring Stablecoin Settlement to Cross-Border Payments
Finastra, a global leader in financial services software, today announced a strategic collaboration with a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL) (“Circle”), a global financial technology firm and stablecoin market leader, to enable banks to integrate USDC settlement 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, designed to maintain a stable value 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, Co-founder, Chairman and CEO 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.”
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Cross River Launches Stablecoin Payments With Infrastructure to Power the Future of Onchain Finance
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced the launch of its offering to power stablecoin payments*. Integrated directly with Cross River’s real-time core, COS, the offering unifies fiat and stablecoin flows through a single, interoperable system—enabling companies to move value across chains and traditional rails, leveraging bank-grade compliance.
Tidalwave Raises $22M Series A, on Track to Reach 4% of U.S. Mortgage Market
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Inside Citi’s AI Playbook: Curated Data and Transparent Decisions
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
WFIS 2025 – Indonesia: Countdown to the Nation’s Most Influential Digital Finance Gathering Begins
Indonesia’s audacious on-going attempts to merge technology with finance – in all imaginable aspects – to mobilize a tech-driven, digital-first financial ecosystem has, by its best measures, enabled the nation to hit a trillion-dollar GDP mark this year – the highest in its economic history.
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