FIS and Circle Partner to Enable USDC Stablecoin Payments for U.S. Banks

Fidelity National Information Services (FIS) has partnered with Circle Internet Group to integrate USDC stablecoin payments into its Money Movement Hub. This collaboration will allow thousands of U.S. banks to offer real-time and cross-border digital asset transactions by the end of the year. FIS's platform, which processes over $10 trillion in annual payments, will serve as the foundation for this initiative.

The integration of Circle's USD Coin (USDC) into FIS's Money Movement Hub represents a major milestone in the mainstream adoption of stablecoins. USDC, which is pegged 1:1 to the U.S. dollar and backed by short-term government securities, offers instant settlement compared to traditional banking systems. "Stablecoins are now more mature and focused on solving real client problems," said Himal Makwana, global head of corporate strategy at FIS.

This partnership highlights the increasing institutional acceptance of digital assets. By leveraging FIS's vast network, Circle aims to expand the reach of USDC, enabling internet-scale money movement powered by stablecoin infrastructure. The service is set to revolutionize how banks handle payments, delivering speed and efficiency that surpass conventional methods.