ChainCatcher message, according to Circle's announcement, in collaboration with Mastercard and Finastra, this partnership aims to integrate stablecoin settlement capabilities into mainstream finance, further advancing USDC's integration into the global payments landscape.
Mastercard announced on Wednesday that it will allow acquirers and merchants in Eastern Europe, the Middle East, and Africa (EEMEA) to settle transactions using USDC and EURC. Arab Financial Services and Eazy Financial Services will be the first to access this service, marking Mastercard's first offering of stablecoin settlement services in the region.
London-based financial software provider Finastra also announced on Wednesday that it will integrate USDC into its Global PAYplus platform, which processes over $50 trillion in cross-border transactions daily.
Circle stated that this integration will enable banks in 50 countries to use USDC for international payment settlements, even if the payment instructions are still denominated in fiat currency.
