Amid the gradual rollout of 24/7 instant settlement in global payments, Banking Circle is introducing a hybrid payment infrastructure model that combines the advantages of blockchain solutions with a regulated banking environment.
Banking Circle announced the launch of a stablecoin settlement service, integrating digital assets into its core payment infrastructure. The solution became possible after the bank obtained a crypto-asset service provider (CASP) license in Luxembourg.
Banking Circle S.A. is a fully licensed European neobank specializing in cross-border B2B payments, virtual IBANs, and FX conversion services for FinTech companies, banks, and marketplaces.
The integration of the new service into the bank’s core platform allows its B2B clients to operate with both digital and traditional currencies within a single system. Banking Circle already serves more than 750 such organizations, facilitating an annual transaction volume exceeding €1.5 trillion.
In particular, the new service enables the conversion of fiat currencies into stablecoins and back directly through the banking platform. This includes instant settlements using assets such as USDC, USDG, and EURI, while maintaining full regulatory compliance and transaction transparency.
The launch is part of the bank’s strategy to integrate digital assets into traditional financial services. Banking Circle emphasizes that stablecoins are no longer a niche instrument and are becoming a key component of international settlements and liquidity management. According to the bank, the annual payment volume using stablecoins is estimated at €330 billion, while the monthly blockchain transaction volume in this segment exceeds €8 trillion.
Banking Circle CEO Laust Bertelsen noted that obtaining the CASP license was a significant milestone not only for the bank but for the entire payments industry. According to him, stablecoins rapidly evolved from an experimental tool into core infrastructure for cross-border settlements and financial inclusion.
Meanwhile, Kirit Bhatia, Chief Digital Asset Officer at Banking Circle, emphasized that the implementation of stablecoins is a natural extension of the bank’s existing infrastructure and is aimed at reducing costs and simplifying operations through technology.
Banking Circle’s initiative comes amid a gradual shift in global payments toward 24/7 instant settlement, where stablecoins are playing an increasingly important role.
