Finastra and Circle push Stablecoin into Mainstream Global Finance
Source: Circle (X) London-based financial technology firm Finastra has joined forces with Circle , the issuer of USDC stablecoin, to bring digital currency settlement into the mainstream banking system through Finastra’s Global PAYplus (GPP) payments platform. The move could reshape the way banks handle cross-border transactions by offering faster, cheaper, and more flexible settlement options. Expanding Payment Options for Banks Finastra supports over 8,000 clients worldwide, including nearly all of the world’s top banks. Its Global PAYplus system processes more than $5 trillion in daily international payments. By adding support for USDC settlement, banks using the platform can now complete payments in stablecoin while continuing to initiate transfers in traditional fiat currencies. Expanding the future of cross-border payments with @FinastraFS and @USDC. The collaboration will enable USDC settlement to Finastra’s established network of financial institutions t...
