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Currencies

Circle partners with fintechs to grow stablecoin market | PaymentsSource

Circle has followed its IPO by partnering with London financial infrastructure developer OpenPayd and Brazilian fintech Matera to support payments infrastructure for stablecoins and traditional currency.The unified Circle/OpenPayd platform is expected to enable OpenPayd's business clients to execute payments using Circle's USDC stablecoin, with conversions between fiat and stablecoins on both ends of the transaction.That conversion is a key element for stablecoin payments, which can act as a bridge between different currencies on both ends of an international transaction. The London-based OpenPayd  processes about $160 billion in payments annually.By adding...
Currencies

Circle builds a stablecoin-powered network for real-time pay | PaymentsSource

Instant payments often stop at national borders. That's an issue for banks and companies trying to do business around the world. As popular as real-time payments have become, the underlying protocols are mostly domestic and unable to work with each other.Circle, which is best known for issuing the USDC stablecoin, is trying to narrow this gap by launching the Circle Payments Network, which connects financial institutions, digital challenger banks, payment companies, and digital wallets to process payments instantly in different currencies and markets. Other firms tied to cryptocurrency, such as Ripple,...