Banking Circle is set to add USDC stablecoins to its payment rails.
In Brief:
Stablecoins are a type of digital currently connected to fiat currency – USDC is linked to the US dollar.
USDC will be added to Banking Circle’s payment rails for payment acceptance, processing and settlement.
In doing so, Banking Circle is enabling clients to get involved with digital currency without investing in their own technology.
What does this mean?
Banking Circle says that moving into USDC will enable it to help businesses that want to get involved with Web3, which the business says will be a key step in “democratising global finance”.
