Circle teams up with Mastercard and Finastra to integrate USDC into traditional finance

Former Circle, the issuer of stablecoin USDC, has partnered with Mastercard and Finastra to integrate stablecoin payments and clearing into traditional finance.
Circle released a statement on the 27th (local time) announcing that it will support USDC transaction settlement at Mastercard member stores in Eastern Europe, the Middle East, and Africa.
Regional payment solutions providers Arab Financial Services and Easy Financial Services will be the first to adopt the feature.
Circle will also collaborate with London-based financial software provider Finastra, which operates the payments platform Global
Global PAYplus is a platform that processes over $5 trillion in international remittances per day.
Circle announced that this partnership will enable banks in 50 countries around the world to settle international payments in USDC, even when the payments are made in fiat currency.
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