Finastra taps Circle to enable Stablecoin settlement in PAYplus

By Vriti Gothi

Finastra has partnered with Circle Internet Group, a global financial technology and stablecoin firm, to integrate USDC settlement into cross-border payment flows.

The initiative marks an important milestone in the modernisation of international money movement. Finastra will embed USDC, a regulated and fully-reserved stablecoin, into its market-leading Global PAYplus (GPP) platform. As the first of Finastra’s payment hub solutions to connect with Circle’s infrastructure, GPP will enable financial institutions worldwide to offer faster, more cost-efficient cross-border transactions while continuing to operate within the safeguards of existing compliance and foreign exchange frameworks.

Finastra’s GPP platform processes more than $5 trillion in cross-border transactions every day. Through this integration, banks can access the benefits of near-instant settlement in USDC while maintaining payment instructions in fiat currencies on both sides of the transaction. By reducing dependence on traditional correspondent banking chains, this innovation is designed to accelerate settlement times, improve liquidity management, and create greater transparency for institutions and their customers.

Chris Walters, CEO of Finastra, said, “This collaboration is about giving banks the tools they need to innovate in cross-border payments without having to build a standalone payment processing infrastructure. By connecting Finastra’s payment hub to Circle’s stablecoin infrastructure, we can help our clients access innovative settlement options.”

Jeremy Allaire, Co-founder, Chairman and CEO of Circle, said, “Finastra’s reach and expertise in powering the payments infrastructure for leading banks worldwide makes them a natural choice to further expand USDC settlement in cross-border flows. Together, we’re enabling financial institutions to test and launch innovative payment models that combine blockchain technology with the scale and trust of the existing banking system.”

By aligning Circle’s blockchain-native capabilities with Finastra’s established payment infrastructure, the collaboration represents a significant step towards a more inclusive, efficient, and digitally enabled global payments ecosystem.