FIS has partnered with Circle to enable stablecoin money movement for financial institution customers, following the launch of new US stablecoin legislation.

About the Partnership

This collaboration brings together FIS’s broader strategy to support digital assets and currencies with Circle’s blockchain-native infrastructure. Together, they aim to offer US financial institutions a convenient way to introduce stablecoin payments in USDC to their customers.

USDC is a fully reserved payment stablecoin that can be redeemed 1:1 for US dollars and issued through Circle’s regulated affiliates. This partnership allows US financial institutions to provide both domestic and cross-border stablecoin payments, enhancing the flexibility of their services.

FIS’s Money Movement Hub

The newly launched Money Movement Hub by FIS is designed to connect financial institutions with various payment networks and types in a single platform. It integrates seamlessly with Circle, bringing USDC functionality to a wider range of entities.

Moreover, by integrating real-time payments and optimized fraud detection solutions from FIS with Circle’s infrastructure, financial institution customers can adopt digital assets more securely and efficiently. This collaboration is expected to streamline payment processes, making them faster, more accurate, and cost-effective.