PANews August 28 news, according to Coindesk, Finastra announced it will integrate Circle's USDC stablecoin into its payment hub, allowing banks to conduct cross-border payment settlements using USDC. This integration will first be applied to Finastra's Global PAYplus (GPP) system, which processes over $5 trillion in cross-border payment flows daily. This move aims to reduce reliance on expensive correspondent networks and provide faster, lower-cost settlement services.

The collaboration between Circle and Finastra will help banks combine blockchain technology with the scale and trust of existing banking systems to test and launch innovative payment models.