Circle partners with Nium to integrate USDC settlements into the global payments network.

CoinFeed reported on May 27th that, according to The Block, Circle Technology Services, a subsidiary of Circle, has partnered with Nium, a cross-border payment infrastructure platform. Nium will join the Circle Payments Network (CPN) as a global payment partner. This integration allows financial institutions to settle payments via USDC, which is then routed by the CPN to Nium's payment network, covering over 100 local currencies in more than 190 countries, disbursing funds to accounts, wallets, and bank cards, reducing the need for multiple suppliers and pre-deposited funds. Circle stated that based on activity over the past 30 days ending March 31st, the CPN's annualized transaction volume was approximately $8.3 billion, demonstrating the growing demand from institutions for global payments using USDC.