Finastra and Circle Partner to Integrate USDC for $5T Cross-Border Payments

USDC News - Finastra, a London-based financial technology provider serving major global banks, has announced a partnership with Circle to enable USDC stablecoin settlements through its payments hub. The integration will initially focus on Finastra's Global PAYplus (GPP) platform, which processes over $5 trillion in daily cross-border transactions. This MOVE underscores growing institutional interest in stablecoins as alternatives to traditional settlement systems. Companies like Stripe and PayPal have already established stablecoin infrastructure, while banks and retailers explore proprietary token solutions. Proponents argue that blockchain-based settlements offer near-instant, 24/7 transactions at reduced costs. USDC, the second-largest stablecoin with a $69 billion market capitalization, could help banks reduce reliance on correspondent networks. The stablecoin market is projected to grow from $270 billion to $1.2 trillion by 2028, according to Coinbase estimates, driven by regulatory clarity and corporate adoption.