Mentioned:
One of the biggest payment processing companies in the world is making a new bet on stablecoins. And they’re partnering up with Circle to do it.
What’s happening:
- Circle Internet Group (NYSE: CRCL) has formed a new partnership with financial technology company FIS (NYSE: FIS) to provide global financial institutions with access to USDC for payments and transactions
Why it matters:
- FIS is one of the single largest payment processors in the entire world and this is the first time ever they have ventured into using stablecoins for payments
Going deeper:
- FIS has publicly stated they begin to integrate Circle’s USDC stablecoin into their platform for both domestic and cross border payments
- FIS and Circle are also closely collaborating on making USDC available on the Money Movement Hub that FIS owns and operates which would allow financial institutions and banks direct access to USDC for payments
The intrigue:
- Stablecoins have continued to make waves both on Wall Street and within Washington, D.C following the historic signing of the GENIUS Act by President Donald Trump which establishes a clear federal regulatory framework for stablecoin issuers in America for the first time ever
