ClearBank Joins Circle Payments Network to Enable Instant Global Transfers
ClearBank and Circle partner to bring MiCA-compliant USDC and EURC stablecoins, near-instant cross-border payments, and tokenized asset settlement capabilities to European financial institutions.
ClearBank announced an official partnership with Circle Internet Group to join the Circle Payments Network, enhancing near-instant cross-border payment capabilities and expanding European access to fully reserved, MiCA-compliant USDC and EURC stablecoins. As one of the first European banks to integrate with Circle’s blockchain infrastructure, ClearBank will support Circle Mint for minting and redeeming stablecoins and explore use cases like stablecoin-based treasury services and tokenized asset settlements. The collaboration aims to modernize cross-border finance through regulated, cloud-native banking linked with open, programmable money solutions.
- Circle Payments Network (CPN): A blockchain-based payments infrastructure by Circle enabling near-instant global transfers and regulated stablecoin transactions.
- USDC and EURC: Fully reserved, MiCA-compliant stablecoins by Circle pegged to the US dollar (USDC) and euro (EURC), facilitating low-volatility cross-border payments.
- Tokenized Asset Settlements: The on-chain settlement of ownership for real-world or digital assets, enabling faster, more transparent financial transactions.