Circle’s Payments Network (CPN) and ClearBank have announced their integration, expanding access to stablecoins compliant with the Markets in Crypto-Assets (MiCA) regulation across Europe.
This agreement simplifies cross-border payments by allowing ClearBank’s clients to conduct nearly instant, low-cost international transactions using USDC and EURC stablecoins, in accordance with European regulatory requirements.
ClearBank connects to blockchain-based payment systems via Circle’s Payments Network architecture, facilitating secure, transparent minting, redemption, and token transfers.
The UK bank can serve asset managers and corporate treasury departments by providing a fiat-to-stablecoin bridge using Circle’s Circle Mint technology. This integration addresses common challenges in cross-border finance, such as long settlement times, high fees, and a lack of transparent liquidity pathways, in line with the requirements set by the European Union’s MiCA law.
ClearBank Pioneers Blockchain Technology for Stablecoin Transactions in Europe
A significant milestone in the growing need for digital asset solutions that can operate under stringent regulatory constraints, this partnership places ClearBank among the first European banks to fully deploy blockchain technology for regulated stablecoin payments.
Particularly in areas with high remittance volumes, such as Latin America, Africa, and Southeast Asia, the alliance fosters competitive market positioning by enabling companies and consumers to process payments across multiple countries with lower latency and lower costs.
Furthermore, businesses can easily switch to “programmable money” using ClearBank’s cloud-native banking platform, which enables tokenized asset settlements and automated payment processes.
By joining Circle’s Payments Network, ClearBank positions itself at the vanguard of European financial modernization, increasing its capacity to deliver enhanced cash flow, operational efficiency, and real-time liquidity management.
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