Worldpay has announced it will offer merchants direct settlements in USDC.
In Brief:
Worldpay will enable merchants to receive settlements directly in USDC, a stablecoin by Circle.
It will enable both crypto-native and non crypto-native businesses to operate in their preferred currency.
There is currently around $51mn of USDC in circulation.
What does this mean?
Worldpay says that USDC is popular because it is less “volatile” than many cryptocurrencies and it appeals to merchants and corporates. Following this demand it will pilot the new offerign with Crypto.com.
