Overview

• Finastra integrated Circle’s USDC into its Global PAYplus platform, giving banks the option to settle cross‑border transfers in USDC while keeping payment instructions in fiat currencies.
• The GPP hub processes more than $5 trillion in daily cross‑border flows, exposing large volumes to an alternative settlement rail that can reduce reliance on correspondent banking networks.
• Mastercard and Circle enabled live settlement in USDC and EURC for acquirers and merchants across Eastern Europe, the Middle East, and Africa, with Arab Financial Services and Eazy Financial Services as first adopters.
• Mastercard is extending stablecoin support through infrastructure such as its Multi‑Token Network and Crypto Credential programs, emphasizing compliance and security for tokenized money.
• Circle’s institutional push includes a reported application to the U.S. Office of the Comptroller of the Currency for a national trust bank to manage USDC reserves, as USDC’s supply sits near $69 billion.