Circle Joins Binance-Led GTR to Revolutionize Cross-Border Transfers

Breaking the chains of traditional finance—Circle just teamed up with Binance's Global Transfer Network to slash cross-border settlement times from days to seconds.

Cutting Through the Red Tape

No more waiting for SWIFT confirmations or banking holidays. The partnership leverages stablecoin infrastructure to bypass legacy systems entirely—moving value globally at the speed of the internet.

Why This Changes Everything

Traditional correspondent banking just got its notice. Real-time settlements, reduced counterparty risk, and lower fees—unless you're a middleman collecting fat margins for moving digits between databases.

The Ironic Twist

Banks spent decades building 'secure' transfer networks—only to get outmaneuvered by code and consensus. Maybe next they'll innovate something besides overdraft fees.

Why Circle’s Dual Membership Matters

The GTR membership of Circle provides an additional SAFE avenue to exchange this information, increasing transparency and safety of USDC transactions between banks, fintech platforms and enterprise clients globally.

Circle is also involved in the TRUST and GTR, which further confirms its compliance-first strategy and strengthens its ties with such major exchanges as Binance and HashKey. 

Mandeep Walia, Circle’s Chief Compliance and Risk Officer, said, “Being part of both GTR and TRUST reinforces global compliance for USDC transactions, enabling secure cross-border payments for businesses and financial partners.”

Noah Perlman, Chief Compliance Officer at Binance, added, “Circle’s entry highlights our mission to share required data securely without compromising user privacy.”

Jack Wong, Strategic Partnerships Lead at GTR, noted, “This MOVE strengthens a secure, interoperable digital asset ecosystem and signals continued network growth.”

As countries such as Singapore and France increasingly enforce Travel Rule compliance, Circle’s GTR membership marks a key step toward safer, more transparent digital asset transfers. 

The integration will make regulated crypto transactions easier, safe, and available to even first-time users, which will further build confidence in the global digital asset ecosystem.

Also Read: ZachXBT Slams Circle for Slow Action Against Illicit Addresses