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Circle CEO: Has replaced part of internal funds with USDC for wire transfer settlements, and will open up to more enterprises in the future.
Deep Tide TechFlow News, March 7 — Circle CEO Jeremy Allaire announced on X platform that the stablecoin issuer has begun using its own platform for internal fund settlements. By utilizing USDC and Circle Mint, approximately $68 million in cross-company settlements have been completed among eight entities. The entire process takes less than 30 minutes and operates 24/7. This method replaces the traditional fiat wire transfer process, which usually takes 1–3 days, and offers full control and audit capabilities. Currently, 90% of the company’s transfer pricing settlements can be completed within a day. As Circle Mint continues to be updated, this real-time settlement mode based on stablecoins is expected to be opened to more enterprises in the future.