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Techub News reports, according to Blockonomi, Banking Circle has launched a stablecoin settlement platform compliant with the EU MiCA framework and received a CASP license from Luxembourg regulators on April 15. The platform supports three stablecoins: USDC, USDG, and EURI, providing institutional clients with bidirectional conversion services between fiat currency and digital assets.
The organization currently connects with over 750 payment service providers and financial institutions, handling a total transaction volume of 1.5 trillion euros annually. It states that stablecoin settlement helps reduce operational costs and improve cross-border payment efficiency, and this deployment combines traditional financial infrastructure with digital asset payment capabilities.