Circle CEO: $68 million in internal settlements have been settled using USDC, and real-time mode will be promoted to more enterprises.

SmartContractAuditor · 2026-03-07T07:11:49+00:00

Circle CEO Jeremy Allaire stated that the company has completed $68 million in cross-company settlements among eight entities using USDC and Circle Mint, taking less than 30 minutes, replacing traditional wire transfer processes. 90% of transfer pricing settlements have been completed within a day, with plans to open up real-time settlement modes to more enterprises in the future.

SmartContractAuditor

2026-03-07 07:11:49

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Odaily Planet Daily reports that stablecoin issuer Circle’s CEO Jeremy Allaire announced on X that Circle has begun using its own platform for internal fund settlements. Using USDC and Circle Mint, the company has completed approximately $68 million in cross-company settlements 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 model based on stablecoins is expected to be opened to more enterprises in the future.

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