๐ Circle collaborates with Mastercard & Finastra: A new milestone for USDC
Stablecoins are increasingly present in traditional finance. Recently, Circle announced a partnership with Mastercard and Finastra, marking an important milestone in expanding the application of USDC.
๐ณ Mastercard: Bringing USDC to the retail market
Mastercard officially launched stablecoin payments in Eastern Europe, the Middle East, and Africa (EEMEA).
โข Stores and payment units in the region can accept USDC and EURC.
โข Two pioneering organizations: Arab Financial Services and Eazy Financial Services.
โข This is the first time Mastercard has tested a stablecoin solution in such a large market.
๐ฆ Finastra: USDC in cross-border payments
Finastra โ a London-based financial software company that currently processes over $5 trillion in international transactions daily โ has integrated USDC into the Global PAYplus platform.
โข Banks in 50 countries can make international payments using USDC.
โข The system allows the initiation of transactions in fiat, which are then automatically converted to stablecoin to complete.
๐ Implications for the financial system
โข Faster speeds, lower costs in cross-border payments.
โข A clear signal that stablecoins are becoming a real alternative to SWIFT.
โข Banks need to adapt soon to avoid being left behind.
โธป
๐ It can be seen that USDC is no longer the โcurrency of the crypto community,โ but is gradually being recognized as a global payment tool, backed by major names in the financial industry.
#ANHDEVCRYPTO #CryptoDCAclub #ETHBreaksATH