ClearBank Partners with Circle to Boost USDC, EURC in Europe
Fintech banking firm Clearbank has entered a strategic framework agreement with Circle's subsidiary to expand USDC and EURC in Europe.
- Clearbank will join the Circle Payments Network, integrating with Circle Mint and other services for faster cross-border remittances at lower fees.
- The partnership will explore stablecoin-based treasury solutions and future tokenized asset settlement integrations.
European Banking Transformation
- Positive sentiment in the cryptocurrency community about the Clearbank-Circle partnership.
- Users highlight it as a significant step toward mainstream adoption of stablecoins in Europe.
Circle previously partnered with Deutsche Börse Group to introduce USDC and EURC to 360T markets. Major European banks are also planning Euro-pegged stablecoin launches under MiCA regulations.
Global Stablecoin Momentum
- A 70% increase in stablecoin transactions reported in the US post-GENIUS act.
- Stablecoin to USD exchange ratio on Binance has decreased, suggesting increased confidence in holding stablecoins.