Circle and Finastra have just announced a partnership to integrate USDC into the Global PAYplus (GPP) global payment platform, processing over $5 trillion in cross-border transactions daily.
This agreement allows banks to make payments using USDC while still maintaining fiat payment instructions, thereby reducing costs, increasing speed, and minimizing reliance on correspondent banking networks.
MAIN CONTENT
Finastra integrates USDC into Global PAYplus, modernizing cross-border payment processes.
The collaboration allows banks to experiment with blockchain without disrupting compliance and forex management.
Circle is expanding the use of USDC beyond the cryptocurrency space, competing with Stripe and PayPal.
Who is Finastra and what is the role of Global PAYplus in payments?
Finastra is a London-based financial software corporation serving over 8,000 customers, including 45 of the largest banks globally. Global PAYplus (GPP) is the leading payment hub solution, processing over $5 trillion in transactions daily across more than 130 countries.
Integrating USDC into GPP is seen as a strategic advancement, ushering in a new era of faster, more transparent payments for global financial institutions. This is a direct response to long-standing criticisms about high costs and delays in traditional cross-border payments.
“By connecting Finastra's payment hub with Circle's stablecoin infrastructure, we enable customers to access innovative payment options without the need to build their own systems.”
Chris Walters, CEO Finastra – Speaking in a press release, 2025
What is USDC and why was it chosen for integration?
USDC is a stablecoin issued by Circle, currently with a circulating supply of approximately $69 billion. USDC is pegged to the USD, is transparent about reserves, and is increasingly accepted widely by banks, fintech companies, and e-commerce businesses.
Unlike many controversial stablecoins, USDC has been regularly audited and strictly complies with regulations in the US. This allows banks to confidently experiment with blockchain technology without disrupting compliance or forex processes.
What are the benefits of integrating USDC into cross-border payments?
Blockchain payments allow transactions to occur 24/7, with lower costs and significantly reduce reliance on correspondent banks. With this model, banks can shorten processing times from several days to just a few minutes.
A report from BIS (Bank for International Settlements, 2024) shows that the global average cross-border remittance fee remains at 6.3%. Integrating stablecoins could significantly reduce this figure while improving access to financial services for small businesses.
“Blockchain-based payments combined with traditional banking systems will usher in a new era: speed, transparency, and trust.”
Jeremy Allaire, Co-founder & CEO Circle – 2025
What is the difference between stablecoin payments and traditional banking systems?
In the traditional banking system, cross-border transactions require multiple layers of intermediaries, which are costly and slow. Stablecoins like USDC allow for instant transactions on the blockchain with public ledger transparency.
Criteria Traditional Payments Payments with USDC Speed 1–3 days A few minutes Cost 5–7% of transaction value Under 1% Transparency Limited to internal systems Public blockchain, easily traceable Interoperability Business hours, reliant on time zones 24/7, global
What does Circle gain from partnering with Finastra?
This is the channel for distributing USDC to thousands of banks, extending beyond the cryptocurrency ecosystem. Circle has just listed its stock, and this partnership strengthens its position in the stablecoin market, directly competing with Stripe and PayPal.
On the same trading day, Circle's stock (CRCL) closed at $127.40, down 1.28% as the overall cryptocurrency market adjusted. However, analysts view the expansion of cooperation with Finastra as a long-term stepping stone for Circle's growth.
What is the market and outlook for stablecoin payment models?
Global banks, financial institutions, and retailers are ramping up trials of asset tokenization and stablecoin payments. The Circle-Finastra partnership is a testament to the converging trends between blockchain technology and the banking system.
However, regulators in the US, Europe, and Asia continue to closely monitor stablecoins, emphasizing both the benefits and potential risks such as legal volatility, cybersecurity, and investor protection.
“Stablecoins can be a catalyst for the global financial system, but only if deployed within a clear legal framework.”
IMF Report on Digital Currency, 2024
Frequently Asked Questions
Is USDC safer than other stablecoins?
USDC is transparently audited and tightly regulated in the US, making it more reliable than many other stablecoins.
Does integrating USDC disrupt banking operations?
No. Banks still maintain fiat payment instructions; USDC only serves as an additional payment channel.
How many banks is Finastra serving?
Finastra serves over 8,000 customers, including 45 of the top 50 banks in the world.
Why do stablecoins help reduce international remittance costs?
Stablecoins eliminate many layers of intermediaries, reducing fees from an average of 6.3% to below 1%.
Is Circle competing with PayPal and Stripe?
Yes. Circle is expanding the use of USDC in payments, similar to PayPal and Stripe's stablecoin models.
Source: https://tintucbitcoin.com/circle-hop-tac-finastra-5-nghin-ty-usd-bang-usdc/
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