Circle announces partnership with Mastercard and Finastra… expands stablecoin payments
Summary
- Circle said it will expand stablecoin payments into traditional financial infrastructure through partnerships with Mastercard and Finastra.
- Mastercard said it will support merchants and acquirers in the EEMEA region to settle transactions in USDC and EURC.
- Finastra said it is integrating USDC into its Global PAYplus platform, announcing that banks in 50 countries can carry out actual settlements in USDC.
Circle announced a partnership with Mastercard and Finastra, expanding stablecoin payments into traditional financial infrastructure.
On the 28th (local time), Cointelegraph reported that the day before Mastercard said in a statement, "It will support merchants and acquirers in the Eastern Europe, Middle East and Africa (EEMEA) region to settle transactions in USDC and EURC."
On the same day, London-based financial software firm Finastra also announced that it is integrating USDC into its Global PAYplus platform. The platform is a system that processes more than $5 trillion in international payments per day, and through this integration banks in 50 countries will be able to keep payment instructions in existing fiat currency units while conducting the actual settlement in USDC.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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