Circle CEO: Has replaced part of internal funds with USDC for wire transfer settlements, and will open up to more enterprises in the future.

ZkProver · 2026-03-07T08:26:55+00:00

Circle CEO Jeremy Allaire announced on the X platform that Circle has achieved $68 million in cross-company settlements among 8 entities through USDC and Circle Mint, taking less than 30 minutes. This significantly improves the efficiency of fund settlements and is expected to be promoted to more enterprises in the future.

ZkProver

2026-03-07 08:26:55

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ChainCatcher News: Circle CEO Jeremy Allaire announced on X that Circle has started using its own platform for internal fund settlements. Using USDC and Circle Mint, the company completed approximately $68 million in cross-company settlements among eight entities in less than 30 minutes, operating 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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