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ClearBank to Join Circle Payments Network With Circle Mint Integration

The UK bank says the tie-up targets near-instant cross-border transfers using USDC and EURC, with implementation details still undisclosed.

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Overview

  • ClearBank will be among the first European banks to integrate with Circle’s network to support faster, lower-cost international payments.
  • The bank plans to enable Circle Mint so authorized institutions can mint and redeem USDC and EURC directly on-chain.
  • Circle says USDC and EURC are fully reserved and designed to comply with the EU’s MiCA regulatory framework.
  • The companies plan to explore stablecoin-based treasury features and tokenized asset settlement use cases.
  • Media reports suggest ClearBank previously considered issuing its own stablecoin but encountered Bank of England hurdles, steering it toward partnership.