FIS collaborates with Circle to bring the USDC stablecoin into mainstream financial institutions

ChainCatcher news, according to businesswire, global leading fintech company FIS (NYSE: FIS) announced a significant partnership with Circle (NYSE: CRCL) to integrate Circle's USDC stablecoin functionality into FIS's Currency Movement Center and other infrastructure solutions, providing USDC stablecoin payment capabilities to U.S. financial institutions through FIS's Money Movement Hub. This collaboration comes at the time of the new U.S. stablecoin legislation, aiming to offer financial institution clients USDC-based domestic and cross-border payment options.