TLDR
- ClearBank has signed a strategic agreement to join the Circle Payments Network for blockchain-based payments.
- The UK clearing bank becomes one of the first European banks to integrate with Circle’s infrastructure.
- ClearBank will gain access to Circle Mint for minting and redeeming USDC and EURC stablecoins.
- Both USDC and EURC tokens comply fully with Europe’s Markets in Crypto-Assets regulation.
- The partnership enables clients to transfer funds globally at near-instant speeds.
ClearBank has signed a strategic agreement with Circle Internet Group to join the Circle Payments Network. The U.K.-based clearing bank will integrate blockchain infrastructure to accelerate cross-border payments. ClearBank becomes one of the first European banks to access regulated stablecoin services through this partnership.
ClearBank Partners with Circle for Faster Cross-Border Transactions
The collaboration enables ClearBank to link its cloud-native platform to Circle’s blockchain-based payment system. Clients will transfer funds globally at near-instant speeds while maintaining regulatory transparency. ClearBank will gain access to Circle Mint, a platform for minting and redeeming USDC and EURC stablecoins.
Both USDC and EURC tokens comply fully with Europe’s Markets in Crypto-Assets regulation, known as MiCA. The MiCA framework ensures stablecoins meet strict reserve and transparency requirements across European markets. ClearBank’s integration positions the bank to offer MiCA-compliant digital currency services to its institutional clients.
Mark Fairless, CEO of ClearBank, called the partnership a “milestone” in modernizing cross-border finance. He emphasized the importance of combining traditional banking infrastructure with innovative blockchain technology. The move reflects ClearBank’s commitment to advancing payment solutions for its customers.
MiCA-Compliant Stablecoins Enable New Treasury and Settlement Services
ClearBank will explore additional use cases beyond basic payments through its membership in the Circle Payments Network. These include stablecoin-based treasury services and tokenized asset settlements for corporate clients. The bank aims to reduce reliance on legacy banking systems that slow international transactions.
Circle’s VP for EMEA partnerships, Sanja Kon, highlighted the collaboration’s potential to expand “open, programmable money” access. The partnership strengthens Circle’s foothold in European markets following the implementation of the MiCA regulation. ClearBank’s participation demonstrates growing institutional adoption of stablecoin infrastructure.
The agreement follows Circle’s launch of the Circle Payments Network in April this year. Multiple financial institutions have since joined the platform to leverage blockchain-based payment capabilities. ClearBank’s integration marks a significant step toward mainstream adoption of stablecoins in regulated European banking.
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