On October 27, 2025, ClearBank, a UK-based financial institution, announced a strategic partnership with Circle, the issuer of the widely recognized stablecoins USDC and EURC, to facilitate seamless stablecoin payments across Europe. This collaboration integrates ClearBank's cloud-native banking platform with Circle's blockchain-based Payments Network (CPN), enabling instant and cost-efficient settlements.
The partnership aims to significantly reduce cross-border payment friction and transaction costs, offering European users access to faster, borderless transactions using USDC and EURC, which are pegged to the US dollar and euro respectively. Through Circle Mint, ClearBank will be able to issue and redeem these stablecoins, expanding digital asset capabilities for fintechs and financial institutions in the region.
A key aspect is the alignment with the EU's Markets in Crypto-Assets (MiCA) regulatory framework, which defines clear rules for stablecoin issuance. USDC and EURC are fully MiCA-compliant, making them preferred options as non-compliant assets like Tether (USDT) face delistings from major EU exchanges. This regulatory clarity provides a secure entry point for institutions into blockchain-based settlements.
The companies plan to explore further applications, including treasury management, on-chain liquidity, and tokenized asset settlement, building a bridge between traditional banking and decentralized finance (DeFi). This initiative is expected to improve settlement times, enhance transparency, and foster a more inclusive financial ecosystem across Europe, positioning ClearBank as a key player in the digital payments revolution.
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