ClearBank, a tech-enabled clearing bank, is taking a big step toward digital finance to expand the use of stablecoins and improve cross-border payments across Europe.
Strategic alliance between ClearBank and Circle
ClearBank has announced a strategic framework agreement with a subsidiary of Circle Internet Group, the stablecoin giant behind USDC and EURC.
Through this partnership, the two companies will collaborate on a range of initiatives in the European market.
The initial focus will be on expanding access to USDC and EURC, Circle’s MiCA-compatible, fully reserved stablecoins, through Circle Mint in Europe. This move positions ClearBank as a core infrastructure partner for banks and fintechs looking for reliable, multi-currency stablecoin solutions for payments, treasury and liquidity applications.
ClearBank joins Circle’s payment network
ClearBank is taking another big step by joining Circle’s Payments Network (CPN), making it one of the first European banks to do so. This allows customers to move money around the world at internet speed, with the transparency of blockchain technology.
By connecting its cloud-based banking system to Circle’s infrastructure, including Circle Mint and the Circle Payments Network, ClearBank bridges traditional and digital finance to make cross-border payments faster and cheaper.
Mark Fairless, CEO of ClearBank, said this move marks an important step in ClearBank’s growth as an innovator in cross-border payments.
Sanja Kon, VP Partnerships & Business Development, EMEA at Circle, said this partnership will expand access to USDC and EURC, driving faster, more transparent payments and unlocking new financial services built on “open, programmable money.”
Expand capabilities beyond payments
ClearBank and Circle are also exploring additional strategic use cases, including stablecoin-based treasury solutions and future tokenized asset settlement integrations.
Circle launched the CPN in April to connect banks, fintechs and payment providers to settle cross-border payments in real time using regulated stablecoins such as USDC and EURC. CPN supports a wide range of cross-border use cases, from payments and remittances to treasury and onchain financing.
Circle also became the first global stablecoin issuer to meet MiCA requirements in July 2024, well before the regulations came into full effect later that year.
Clearbank’s move highlights the growing confidence among financial institutions in using stablecoins for global payments.
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