The post Finastra connects Circle to daily flows of 5 trillion appeared on BitcoinEthereumNews.com.

USDC enters more directly into the heart of the international payments industry thanks to the recent partnership between Finastra and Circle. The two fintech giants have announced the integration of settlement in USDC into the Global PAYplus (GPP) platform, connected — according to the official statements dated August 27, 2025 — to cross-border flows of over 5 trillion dollars per day and in line with the measurements on large payment systems reported by international bodies BIS. The stated goal is to reduce the time and steps of correspondent banking, while preserving the already operational banking processes of KYC/AML and FX. Expanding the future of cross-border payments with @FinastraFS and @USDC. The collaboration will enable USDC settlement to Finastra’s established network of financial institutions that currently process over $5 trillion in daily cross-border transactions.… pic.twitter.com/jOFsvh5B8T — Circle (@circle) August 27, 2025 The fact: Finastra’s GPP integrates Circle’s rails for settlement in USDC in cross-border flows. The scope: reported volume of $5T per day managed by GPP, as indicated by Circle’s press room and the PR Newswire release dated August 27, 2025. Why it matters: potentially near‑instant settlement, less pre-funding on Nostro/Vostro accounts, faster reconciliations. According to data collected by industry analysts and the operational notes released by the parties involved, the announcement on August 27, 2025, is the result of technical workshops and proof-of-concept conducted between the end of 2024 and mid-2025.  Based on the initial market reports, the pilot implementations on EUR–USD and GBP–USD corridors have shown a significant reduction in settlement times (from T+1/T+2 to a range of minutes–hours in scenarios with optimized on/off-ramps).  Analysts also note that the extent of the prefunding reduction can typically vary between 30% and 70% in initial use cases, depending on the depth of liquidity and agreements with market makers. What the Finastra–Circle…

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Filed under: News - @ August 28, 2025 11:29 am