Finastra and Circle Introduce USDC Settlement for $5 Trillion Daily International Payment Transactions

Finastra, a provider of financial services software, has revealed a partnership with Circle Internet Group, Inc. (NYSE: CRCL), a company specializing in stablecoins, to facilitate the integration of USDC settlement into cross-border payment processes for banks.

Enhancing the future of cross-border payments with @FinastraFS and @USDC.
This partnership will enable USDC settlement within Finastra’s extensive network of financial institutions that currently handle over $5 trillion in daily cross-border transactions.… pic.twitter.com/jOFsvh5B8T

— Circle (@circle) August 27, 2025

In a statement, the company indicated that this initiative will leverage Finastra’s payment hub solutions, including Global PAYplus (GPP), marking the inaugural connection of financial institutions to Circle’s payment framework.

The firms noted that the collaboration will also facilitate quicker international transfers by merging the scalability of Finastra’s banking network with the stability and transparency of USDC.

USDC Settlement Option

Through this partnership, Finastra’s GPP clients—who are already processing over $5 trillion in cross-border transactions each day—will have the capability to settle transactions in USDC, even if the underlying payment instructions are still in fiat currencies.

This new feature diminishes dependence on conventional correspondent banking systems, enabling banks to speed up settlement times while adhering to compliance standards and foreign exchange procedures.

Empowering Banks With New Options

“This partnership aims to equip banks with the necessary tools to innovate in cross-border payments without the need to create a separate payment processing system,” stated Chris Walters, CEO of Finastra.

He elaborated that by connecting Finastra’s payment hub to Circle’s blockchain-based settlement framework, banks can investigate various payment models while ensuring operational continuity.

Expanding USDC’s Global Role

“Finastra’s extensive reach and proficiency in supporting the payments infrastructure for leading banks globally makes them an ideal partner to further extend USDC settlement in cross-border transactions,” remarked Jeremy Allaire, co-founder, chairman, and CEO of Circle.

As the adoption of stablecoins accelerates, the Finastra-Circle collaboration signifies a significant step in transforming international payments.

Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas

Earlier this month, Circle introduced Arc, an open Layer-1 blockchain specifically designed for stablecoin finance. This development is described by the company as a “defining moment” as it progresses toward establishing a comprehensive internet financial platform.

The announcement coincided with Circle’s fiscal Q2 2025 results, which demonstrated considerable growth in its core operations. Circle reported that USDC in circulation increased by 90% year-over-year to $61.3 billion, reaching $65.2 billion as of August 10, 2025. Total revenue and reserve income rose by 53% to $658 million, while adjusted EBITDA grew by 52% to $126 million.

The company recorded a net loss of $482 million, largely due to $591 million in non-cash charges associated with its June IPO. That offering raised $1.2 billion, with 19.9 million newly issued shares sold at $31 each, yielding $583 million in net proceeds.

CEO Jeremy Allaire characterized the IPO as a “pivotal moment” for Circle and for the wider acceptance of stablecoins, highlighting the increasing interest from global financial institutions and internet companies.

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