Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

Finastra, a financial services software firm, has announced a collaboration with Circle Internet Group, Inc. (NYSE: CRCL), a stablecoin firm, to allow banks to integrate USDC settlement into cross-border payment ￰0￱ the future of cross-border payments with @FinastraFS and@USDC. The collaboration will enable USDC settlement to Finastra’s established network of financial institutions that currently process over $5 trillion in daily cross-border transactions.… ￰1￱ — Circle (@circle) August 27, 2025 In an announcement, the firm explains that this initiative will use Finastra’s payment hub solutions, including Global PAYplus (GPP), marking the first time Finastra will connect financial institutions to Circle’s payment ￰2￱ companies said the partnership will also allow for faster international transfers by combining Finastra’s banking network’s scalability with USDC’s stability and ￰3￱ Settlement Option Through this collaboration, Finastra’s GPP customers—already processing over $5 trillion in cross-border transactions daily—will be able to settle transactions in USDC, even when underlying payment instructions remain denominated in fiat ￰4￱ new option reduces reliance on traditional correspondent banking networks, allowing banks to accelerate settlement times without compromising compliance requirements or foreign exchange ￰5￱ Banks With New Options “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 ￰6￱ explained that by linking Finastra’s payment hub to Circle’s blockchain-based settlement infrastructure, banks can explore payment models while maintaining operational ￰7￱ USDC’s Global Role “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 ￰8￱ stablecoin adoption gaining momentum, the Finastra-Circle partnership represents a major move in reshaping international ￰9￱ Debuts Layer-1 Blockchain Arc Using USDC for Native Gas Earlier this month, Circle unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin ￰10￱ marks what the company calls a “defining moment” as it moves toward developing a full-stack internet financial ￰11￱ announcement came alongside Circle’s fiscal Q2 2025 results, which showed substantial growth in its core ￰12￱ reported that USDC in circulation surged 90% year-over-year to $61.3 billion, reaching $65.2 billion as of August 10, ￰13￱ revenue and reserve income grew 53% to $658 million, while adjusted EBITDA climbed 52% to $126 ￰14￱ company posted a net loss of $482 million, primarily due to $591 million in non-cash charges tied to its June ￰15￱ offering raised $1.2 billion, with 19.9 million newly issued shares sold at $31 each, generating $583 million in net ￰16￱ Jeremy Allaire described the IPO as a “pivotal moment” for Circle and for the broader adoption of stablecoins, noting accelerating interest from global financial institutions and internet companies.