Florida-based fintech firm FIS has announced a partnership with a subsidiary of Circle, aimed at enabling financial institutions to process payments in USDC, a regulated stablecoin fully backed by US dollars.

This collaboration follows the recent enactment of stablecoin legislation in the US, which sets the stage for broader integration of payment stablecoins within the traditional financial system.

It forms part of FIS’ wider strategy to support the development and adoption of digital assets and currencies.

Through this agreement, FIS and Circle will facilitate the use of USDC for both domestic and cross-border transactions by financial institutions in the US.

USDC is issued through Circle’s regulated affiliates and is fully redeemable on a one-to-one basis for US dollars.

FIS’ newly launched Money Movement Hub is the first of its solutions to integrate with Circle, providing USDC payment capabilities to a wide range of institutions.

The Hub enables connectivity to multiple payment networks, consolidating all payment types in a single platform.

FIS also plans to integrate its real-time payments system and fraud detection tools with Circle’s blockchain infrastructure, offering a scalable route for financial institutions to adopt digital asset solutions.

Jim Johnson, Co-President of Banking Solutions at FIS, stated:

“By providing our clients with direct access to USDC functionality within a regulated, and compliant framework, they in turn will be able to offer their customers greater choice in payment methods than ever before. We are helping them to embrace the latest technology to reduce the complexity and costs associated with making payments, enabling funds to flow with speed, accuracy and security throughout the money lifecycle.”

Kash Razzaghi, Chief Business Officer at Circle, added:

“With the GENIUS Act now enacted as US law, stablecoins are converging with mainstream finance and institutions are increasingly seeking faster, more transparent and economically efficient ways to move money. Payment stablecoins represent a significant opportunity for US banks to modernise and stay competitive.”

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