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Circle CEO: Has used USDC to replace part of the internal fund settlement for wire transfers, and will open it to more businesses in the future
By: rootdata|2026/03/07 15:46:09
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The CEO of stablecoin issuer Circle, Jeremy Allaire, posted on the X platform that Circle has begun using its own platform to handle internal fund settlements. Approximately $68 million in inter-company settlements have been completed between eight entities using USDC and Circle Mint, taking less than 30 minutes and operating 24/7. This method replaces the traditional fiat wire transfer process, which typically takes 1 to 3 days, and provides complete control and auditing capabilities. Currently, 90% of the company's transfer pricing settlements can be completed within a day. As Circle Mint's features continue to be updated, this real-time settlement model based on stablecoins is expected to be opened to more businesses in the future.
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