Circle and ClearBank Partner to Boost USDC and EURC Payments in Europe
Circle Internet Financial and ClearBank have inked a framework agreement to increase USDC and EURC in Europe. In order to provide quicker and less expensive cross-border payments, the move links Circle’s blockchain rails with ClearBank’s licensed banking infrastructure. The collaboration, which was revealed on Monday, demonstrates how conventional banks are starting to incorporate virtual currencies into their payment systems.
Europe is rushing to embrace tokenized settlement solutions and stablecoins that comply with Markets in Crypto-Assets (MiCA). ClearBank will connect with Circle Mint and become a member of the Circle Payments Network (CPN). This configuration enables direct issuance and redemption of stablecoins by fintechs and financial institutions.
This collaboration marks a milestone in connecting regulated banking systems with blockchain-based payments. By combining our cloud platform with Circle’s digital-asset expertise, we can help clients transact globally at internet speed,
Mark Fairless, CEO of ClearBank
Circle Pushes for More Efficient Institutional Payments in Europe
Vice President for Partnerships EMEA at Circle, Sanja Kon, called the agreement a step toward a financial system that is open and programmable. It would increase institutional payments’ reach, efficiency, and openness, she claimed. Additionally, Circle partnered with Deutsche Börse Group in September to introduce USDC and EURC settlement to 360T Markets. These actions demonstrate how banks and tokenized money networks are becoming more interconnected.
Banks Explore Blockchain Solutions Ahead of EU Stablecoin Laws
ClearBank made this decision concurrently with the European Union’s preparation of the MiCA rule, which is anticipated to be finalized in 2026. Stablecoin issuers will be required to maintain one-to-one reserves and report audits. Digital currencies are also currently being tested by a number of banks. For instance, ING and ABN AMRO experimented with tokenized deposits based on euros. Both banks have performed well in the market this year as well. The stock of ING has increased by around 55% so far this year, but ABN AMRO has increased by nearly 71%. Strong investor trust in Europe’s financial sector is reflected in this.
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