Catenaa, Friday, September 05, 2025- Finastra and Circle Internet Group announced a partnership enabling banks to settle cross-border payments using the USDC stablecoin across Finastra’s network.
Finastra handles over $5 trillion in daily transactions.
The move aims to speed up international transfers while maintaining compliance and operational continuity.
Through Finastra’s Global PAYplus (GPP) hub, banks can now settle transactions in USDC even when underlying instructions remain in fiat currencies.
The collaboration reduces reliance on traditional correspondent banking networks, allowing faster settlements without disrupting foreign exchange or regulatory processes.
Finastra CEO Chris Walters said the partnership gives banks tools to innovate in cross-border payments without building standalone infrastructures. Circle CEO Jeremy Allaire noted Finastra’s global reach positions the stablecoin for broader adoption in international finance.
The announcement coincides with Circle’s launch of Arc, a Layer-1 blockchain designed for stablecoin-based finance. Circle reported USDC in circulation grew 90% year-over-year to $61.3 billion, rising to $65.2 billion by August 10, 2025.
The company posted $658 million in revenue, a 53% increase, and adjusted EBITDA of $126 million, despite a net loss of $482 million due to non-cash charges from its June IPO.
The partnership marks a major step in integrating stablecoins into traditional banking infrastructure and global payments, signaling growing interest from financial institutions and internet companies in blockchain-based settlement solutions.
