Circle Internet Group and Volante Technologies announced a collaboration on September 28 that will embed USDC stablecoin workflows into Volante’s payments platform used by major financial institutions.
Volante’s existing bank clients include four of the five largest global corporate banks and seven of the top ten U.S. banks. Under the collaboration, those institutions will be able to evaluate minting and redeeming USDC, registering beneficiary wallets, funding transactions, sending notifications, and executing wallet-to-wallet payments alongside existing payment rails and controls, rather than building a separate digital-asset stack.
The announcement reflects a broader shift toward multi-rail payment architectures that combine traditional systems with emerging digital value transfer. Circle’s chief product and technology officer, Nikhil Chandhok, said stablecoins are becoming an increasingly important component of modern payments infrastructure, and financial institutions need practical ways to understand how digital dollars can fit within existing operations. Volante’s chief product, engineering, and delivery officer, Deepak Gupta, added that for banks, stablecoin adoption is about integrating a new rail into the payment infrastructure they already depend on.
The collaboration also addresses on- and off-ramps, which remain one of the most important operational problems for institutional stablecoin use. The move follows Circle’s agreement to acquire cross-border payments firm Tazapay and echoes efforts such as Standard Chartered’s direct USDC minting and redemption for institutions. Stablecoins are increasingly becoming a back-end payment rail hidden underneath familiar financial interfaces, and Circle is positioning USDC as a settlement layer for mainstream finance.
