London fintech provider Finastra announced it will integrate Circle's USDC stablecoin into its payment hub system Global PAYplus, providing banks with the option to settle cross-border payments using USDC. The system processes over $50 trillion in funds daily, and the integration aims to reduce reliance on traditional high-cost correspondent banking networks and improve cross-border settlement efficiency. Currently, several institutions, including Stripe and PayPal, have established stablecoin infrastructure, and Coinbase expects the global stablecoin market to grow to $1.2 trillion by 2028. (CoinDesk)