Finastra announced a strategic integration of Circle’s USDC stablecoin into the Global PAYplus (GPP) payments hub used by major banks worldwide. The hub currently processes over $5 trillion in daily cross-border flows. The integration seeks to enable near-instant, low-cost settlement by leveraging blockchain rails while maintaining instruction and reporting in fiat currencies.
The initial phase will connect GPP to Circle’s USDC protocol, allowing banks to opt for blockchain settlement without overhauling existing payment infrastructures. Settlement instructions will continue to originate in traditional formats, with USDC tokens acting as final settlement instruments. Banks will be able to choose USDC for transfers where speed and cost-efficiency outweigh conventional correspondent banking methods.
The partnership underscores the expanding role of stablecoins in institutional finance. Major payment providers have deployed proprietary stablecoin bridges, and several large banks are exploring token issuance options. Industry analysts forecast stablecoin market growth from $270 billion in circulating supply today to over $1.2 trillion by 2028, driven by regulatory clarity and demand for 24/7 settlement solutions.
Circle and Finastra intend to pilot the integration with select banking clients before scaling across the full GPP network. Technical teams will focus on compliance, interoperability and transaction monitoring. The integration is expected to streamline cross-border workflows, reduce foreign exchange fees and unlock new liquidity management strategies for corporate treasuries.
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