Finastra and Circle Partner to Use USDC for $5 Trillion in Cross-Border Payments

According to Coindesk, Finastra has announced that it will integrate Circle's USDC stablecoin into its payment hub, allowing banks to settle cross-border payments using USDC. The integration will initially be applied to Finastra's Global PAYplus (GPP) system, which processes over $5 trillion in cross-border payments daily. This move aims to reduce reliance on costly correspondent networks and provide faster, lower-cost settlement services. The Circle-Finastra partnership will help banks combine blockchain technology with the scale and trust of existing banking systems to test and launch innovative payment models.