Mentioned:
Stablecoins are on the verge of disrupting global money transfers. Which is exactly why one of the largest privately held financial software companies in the world is doing a new deal with Circle.
What’s happening:
- Circle Internet Group (NYSE: CRCL) has struck a new partnership with financial software giant Finastra to leverage USDC for cross-border payments
By the numbers:
- Finastra’s software is used by more than 9,000 financial institutions globally and processes trillions of dollars per day in payments
Why it matters:
- Finastra is one of the most important software companies for global banks and financial institutions and is owned by iconic private equity company Vista Equity Partners
Going deeper:
- The new collaboration will enable large global banks and financial institutions to seamlessly use Circle’s USDC stablecoin to complete international money transfers through Finastra’s existing payment software platform
- Circle has been aggressively rolling out new integrations and collaborations with large financial companies lately, including partnering with FIS (NYSE: FIS) to bring their USDC stablecoin into FIS's payment processing platform
