Circle Stock Soars as ClearBank Partners with Stablecoin Giant for USDC and EURC Integration
Another day, another crypto rally—but this time it's the traditional markets catching the digital wave.
Banking Meets Blockchain
ClearBank just tapped Circle as its official stablecoin provider, giving customers direct access to USDC and EURC. The move sent Circle's stock climbing—because nothing says 'modern finance' like legacy institutions finally embracing the technology they spent years dismissing.
The Institutional Stamp
This isn't just another partnership—it's validation that stablecoins are becoming the plumbing of tomorrow's financial system. Banks are realizing they can't fight the tide, so they're buying surfboards instead.
Market Reaction
Traders piled into Circle shares as the news broke, extending a rally that's been building steam. Because when traditional banking infrastructure meets crypto-native assets, even Wall Street can't ignore the potential—though they'll still charge you fees for the privilege.
Another brick in the wall between old money and digital future—and this time, the institutions are holding the mortar.
Key Insights:
- Circle stock climbed nearly 3% on Monday, extending the weekly run to 15%.
- ClearBank has partnered with Circle Internet to offer clients in Europe access to stablecoin payments using USDC and EURC.
- CleanBank to join Circle Payments Network (CPN) for instant cross-border transfers.
ClearBank has announced a partnership with Circle Internet to gain access to stablecoin payments using USDC and EURC across Europe. As a result, Circle (CRCL) stock climbed nearly 3% on Monday, extending the weekly rally to over 15%.
CleanBank Partners with Circle Internet
CleanBank has signed a strategic framework agreement with Circle Internet Group’s subsidiary to collaborate on multiple initiatives in the European market, according to a press release on October 27.
The technology-enabled clearing bank will initially focus on growing access to USDC and EURC stablecoins via Circle Mint.
This enables the clearing bank to become a key infrastructure provider for TradFi seeking compliant and multi-currency stablecoin solutions for payments, treasury, and liquidity use cases.
Being a fully regulated bank in both the United Kingdom and the European Union enables it to hold funds at the Bank of England and the European Central Bank.
ClearBank Joins Others in Circle Payments Network
CleanBank will also join Circle Payments Network (CPN), becoming one of the first European banks to offer clients the ability to make payments using stablecoins. It unlocks instant cross-border transfers, boosts transparency, and ensures MiCA-compliance.
Commenting on ClearBank’s joining Circle Payments Network, Circle’s vice president of partnership and business development, Sanja Kon, said:
“In addition, our collaboration will expand access to USDC and EURC, enabling faster settlement, greater transparency, and new financial services built on open, programmable money.”
ClearBank CEO Mark Fairless claimed that joining the network is crucial for the firm amid rising stablecoin adoption. The collaboration will help build a bridge between the traditional financial system and the next generation of money movement.
In September, Deutsche Borse partnered with Circle to use regulated stablecoins USDC and EURC across Europe’s market infrastructure.
It WOULD reduce settlement risk, lower costs, and improve efficiency for banks, asset managers, and the wider market. It also marks a key step in advancing the regulated adoption of stablecoins across European markets.
Crypto exchange Kraken also announced a collaboration with the stablecoin issuer to boost global access and utility of USDC and EURC. The exchange has announced various services, including tokenization, as it expands across Europe.
Circle Stock Rally
Circle stock price jumped more than 2.50% to $145.35 during the premarket hours on Monday, as per Yahoo Finance. Circle (CRCL) stock price closed 9.39% higher at $142.05 on Friday.
The stock has surged nearly 8% in a month despite high uncertainty and volatility in markets amid the U.S.-China trade talks and crypto market liquidations.
Analyst ProblemSniper suggests watching Circle stock this week as it eyes a breakout above $148. Catalysts amid a lot of bullish activity on the stock will likely trigger a MOVE to $190 price target.
Circle stock nears a breakout of the downtrend as it managed to break through that critical trendline resistance. Bulls would provide strength as buying pressure continued to rise in the past few days.
The crypto market recovery following lower-than-expected US CPI data to provide further support for CRCL stock. Also, USDC and EURC stablecoins’ market cap continues to rise amid demand from clients, with USDC sitting at $76.19 billion market cap.