FIS's collaboration with Circle aims to enhance payment capabilities for U.S. financial institutions, integrating USDC transactions into its Money Movement Hub.
Fidelity National Information Services Inc. (FIS) has announced a partnership with Circle Internet Group Inc. to enable U.S. financial institutions to conduct transactions using the USDC stablecoin. This integration will be part of FIS's newly launched Money Movement Hub, facilitating access to multiple payment networks. The initiative aims to enhance the integration of digital assets and traditional finance, particularly as new stablecoin regulations are introduced in the U.S. USDC, issued by Circle, is a fully backed stablecoin redeemable 1:1 with the U.S. dollar.