German fintech Ivy has integrated Circle's stablecoins USDC and EURC into its payment infrastructure, enabling real-time, 24/7 conversions and settlements for businesses across Europe. The partnership allows payment service providers, crypto firms, and e-commerce merchants to instantly convert euros to stablecoins and settle transactions via Ivy's API-driven rails, eliminating traditional banking delays and intermediaries.
Key features include direct minting and burning of USDC/EURC through Ivy's euro payment network, with Circle Mint facilitating instant euro-to-stablecoin conversions for institutions in the European Economic Area. This enables cross-border payments in seconds, reduces FX risks, and cuts operational costs by up to 80% compared to legacy systems. The infrastructure supports real-time liquidity management and treasury optimization, particularly benefiting remittances and international commerce.
Circle's involvement extends its global stablecoin network to over 185 countries, with EURC specifically enhancing euro-denominated transaction efficiency. Ivy's compliance with stringent German regulations adds institutional trust to the solution.