<\/p>\n
Luxembourg-based financial services company Banking Circle<\/a> said it has launched stablecoin settlement services.<\/p>\n The new offering, announced<\/a> Monday (April 27), includes fiat-to-stablecoin and stablecoin-to-fiat capabilities from Banking Circle\u2019s core platform, and follows the company\u2019s receipt of a crypto-asset service provider (CASP) license earlier this month.<\/p>\n \u201cThe award of our CASP license is an important milestone for Banking Circle, as well as for the broader payments ecosystem,\u201d Laust Bertelsen<\/a>, the company\u2019s CEO, said in a news release. \u201cStablecoins have fast evolved from a peripheral innovation into core infrastructure for cross-border settlement, treasury management, and financial inclusion.\u201d<\/p>\n The release noted the increasing size of the stablecoin market: $293 billion in market capitalization, with yearly payment-related transaction volumes estimated at $387 billion, and monthly on-chain volumes of more than $9.3 trillion.<\/p>\n Against this backdrop, the company added, Banking Circle\u2019s stablecoin settlement<\/a> service is aimed at offering a \u201cfully integrated solution\u201d for institutions looking to capitalize on the speed and efficiency of stablecoin rails.<\/p>\n \u201cBy combining the 24\/7 availability of blockchain-based payments<\/a> with the compliance, security, and risk management standards of a regulated bank, the solution addresses longstanding inefficiencies in traditional global settlement rails,\u201d the company said.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n Research by PYMNTS Intelligence shows that 42% of middle market companies have at least discussed, tested or used stablecoins, businesses would rather work with banks<\/a> than crypto-native wallets.<\/p>\n \u201cCrypto-native wallets, while efficient, introduce unfamiliar risks: private key management, fragmented reporting, uncertain custody standards and evolving regulatory interpretations,\u201d PYMNTS wrote last month.<\/p>\n \u201cBanks, by contrast, provide a trust layer<\/a> that CFOs already understand. They offer established custody frameworks, standardized reporting and compliance processes that align with existing audit requirements.\u201d<\/p>\n When accessed via a bank, that report added, stablecoins are \u201ceffectively wrapped in the institutional safeguards that finance teams depend on.\u201d<\/p>\n The research found that nearly half of surveyed CFOs felt that integration with major banks would make stablecoins more relevant to their operations, although 67% cited regulatory and compliance uncertainty as a major obstacle to overcome<\/a>.<\/p>\n Considerably fewer pointed to speed or cost savings as deciding factors, suggesting that adoption will be fueled by trust rather than performance.<\/p>\n \u201cWe don\u2019t start with the asset,\u201d Biswarup Chatterjee<\/a>, global head of partnerships and innovation, Citi Services at Citi<\/a>, told PYMNTS. \u201cWe typically start with our client need, and then we look at the pros and cons<\/a> of each type of asset or financing instrument.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Luxembourg-based financial services company Banking Circle said it has launched stablecoin settlement services. The new offering, announced Monday (April 27), includes fiat-to-stablecoin and stablecoin-to-fiat capabilities from Banking Circle\u2019s core platform, and follows the company\u2019s receipt of a crypto-asset service provider (CASP) license earlier this month. \u201cThe award of our CASP license is an important milestone […]<\/p>\n","protected":false},"author":2,"featured_media":425635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-425626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=425626"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425626\/revisions"}],"predecessor-version":[{"id":425638,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425626\/revisions\/425638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/425635"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=425626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=425626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=425626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}