ClearBank, the technology-powered clearing bank, announced that it has signed a framework agreement with a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL), a financial technology firm and stablecoin market participant, to collaborate on a various initiatives in the European market. At first, this collab will primarily focus on further expanding access to USDC and EURC—which is described as Circle’s MiCA-compliant, fully reserved stablecoins—via Circle Mint in Europe.
This now positions ClearBank as a vital infrastructure provider for FIs and fintechs looking for compliant, and multi-currency stablecoin solutions for payments, treasury and liquidity use-cases.
ClearBank also intends to become one of the European banks to join Circle Payments Network (CPN), allowing clients to move funds globally.
By integrating with Circle’s infrastructure, including Circle Mint and CPN, ClearBank is connecting its cloud-native banking platform to Circle’s stablecoin settlement network, “helping to bridge traditional and digital finance for faster, lower-cost cross-border transactions.”
ClearBank and Circle are also said to be exploring various strategic use cases, such as stablecoin-based treasury solutions and future tokenized asset settlement integrations – “laying the groundwork for next-generation financial services.”
Mark Fairless, Chief Executive Officer, ClearBank has stated that joining Circle Payments Network will be a key milestone in ClearBank’s evolution as a cross-border payments advancements.
Fairless also noted that Circle is focused on redefining how money moves globally, and this collab will bring together their strengths in regulated banking infrastructure with their role in digital currency tech.
Together, he explained that they are now building the bridge between today’s financial system and the so-called next-gen of money movement.
Sanja Kon, VP, Partnerships & Business Development, EMEA, Circle said that they are pleased that ClearBank is planning to join Circle Payments Network. In addition, Kon moted that their collaboration will now aim to expand access to USDC and EURC, allowing for quicker settlement, more transparency, and new financial services that are built on “open, programmable money.”
