Global fintech leader FIS has announced a strategic partnership with Circle, the issuer of the USDC stablecoin, to embed blockchain-based payments into the U.S. banking infrastructure. Through integration with FIS's Money Movement Hub – a centralized platform handling ACH, wire transfers, and real-time payments – financial institutions will gain access to USDC transactions for domestic and international transfers by late 2025.
The collaboration enables near-instant settlements with lower fees and enhanced transparency compared to legacy systems like SWIFT. Jeremy Allaire, Circle's CEO, emphasized: "Circle’s infrastructure allows USDC to move at internet speed while preserving the trust and regulatory alignment financial institutions expect." The move responds to growing demand for programmable, borderless payments in cross-border commerce and treasury management.
This initiative follows the U.S. GENIUS Act, which established a regulatory framework for stablecoins. FIS will incorporate programmable settlement windows and advanced fraud detection into the offering, with APIs/SDKs rolling out to regional banks and credit unions. The partnership lays groundwork for future innovations including tokenized asset trading and decentralized lending.