Circle CEO: Complete $68 million internal settlements among 8 entities within 30 minutes using USDC

MarsBitNews · 2026-03-08T00:30:49+00:00

Circle CEO stated that through the Circle Mint platform, Circle has completed $68 million in internal USDC transfers, with higher efficiency than traditional bank wire transfers. The platform supports approval workflows and generates compliant transaction reports, with updates on multi-entity fund management to be launched in the future.

MarsBitNews

2026-03-08 00:30:49

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Crypto News: Circle CEO Jeremy Allaire announced that Circle has completed internal entity-to-entity transfers using USDC through its Circle Mint platform, replacing traditional bank wire transfers. In the first month, Circle transferred over $68 million across 11 transactions between 8 entities. About 90% of these internal transfer activities were completed within a day, whereas traditional bank wire transfers typically take 1 to 3 days. The platform supports role-based permission approval workflows and generates transaction reports that meet bank reconciliation standards, making it easier for accounting teams to verify on-chain transfers against internal ledgers and external accounting systems. Circle stated that Circle Mint will launch an update in March for multi-entity fund management, including optimized inter-account transfers and API integrations with accounting systems like Oracle.

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