Ivy Integrates Circle’s USDC and EURC for Instant Payments
Ivy, a German fintech startup, has integrated Circle's USDC and EURC stablecoins into its payment platform, facilitating instant bank payments across Europe. Key points include:
- Ivy enables crypto firms, payment service providers, and e-commerce merchants to make immediate bank payments and convert funds into stablecoins.
- This positions Ivy among the first platforms offering instant bank settlements in USDC and EURC.
- Stablecoins are increasingly utilized for online payments due to the cryptocurrency industry's challenges with traditional banking.
- Circle has shifted focus towards global payments and remittances, launching the Circle Payments Network earlier this year.
- Ivy's CEO stated that real-time payment systems and stablecoins are complementary, enhancing capabilities for customers to mint and burn USDC directly from fiat.