ClearBank Joins Circle to Bring USDC and EURC to Europe’s Banking Rails

UK-based fintech bank ClearBank has signed a framework deal with Circle Internet Financial to integrate Circle's stablecoins, USDC and EURC, into Europe's regulated banking systems via the Circle Payments Network (CPN) and Circle Mint. This collaboration aims to facilitate faster and cheaper cross-border transfers by connecting regulated banking infrastructure with blockchain rails. ClearBank CEO Mark Fairless noted this milestone connects regulated systems with blockchain payments, enabling clients to transact globally at internet speed. The move aligns with Europe's push for Markets in Crypto-Assets (MiCA)-compliant stablecoins and tokenized settlement models, as other institutions like ING and ABN AMRO are also exploring digital currency solutions. Analysts suggest this momentum could position Europe ahead of the US in regulated digital finance.

(Source：BeInCrypto)