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FIS collaborates with Circle to bring USDC stablecoin into mainstream Financial Institutions.
According to Mars Finance, global leading fintech company FIS (NYSE: FIS) announced an important 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 for American Financial Institutions through FIS's Money Movement Hub. This collaboration comes at a time when new legislation regarding stablecoins has been passed in the US, aiming to provide financial institution clients with USDC-based domestic and cross-border payment options.