The companies aim to help US banks offer their customers the option to make domestic and cross-border payments using USDC, a cryptocurrency intended to track the value of a dollar one-for-one that’s backed by short-term US Treasuries and cash. FIS is integrating the token into its money movement hub, a service designed to help financial institutions connect with multiple payment networks. The service is expected to go live before the end of the year.
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FIS partners with circle to offer bank stablecoin payments
“A lot of these companies view FIS as a strategic partner helping them navigate this new world of digital payments and stablecoin. That’s another added benefit is that FIS has a lot of credibility when it comes to their customers and what they recommend.”
