(30 July 2025 – Global) Circle has announced a new partnership with FIS to enable financial institutions (FIs) to transact in USDC, the world’s largest regulated stablecoin.
Circle and FIS will enable US FIs to offer customers the option to make domestic and cross border stablecoin payments in USDC. Issued through Circle’s regulated affiliates, USDC is a fully-reserved payment stablecoin that is redeemable 1:1 for US dollars.
The partnership follows the new US GENIUS Act stablecoin legislation and similar functionality released by Western Union that paves the way for digital assets to become more integrated with traditional finance in the US. It is part of FIS’ broader strategy to support digital assets and currencies, exemplifying FIS’ strategic commitment to introduce innovative technology solutions to clients across the money lifecycle.
“With the GENIUS Act now enacted as U.S. law, stablecoins are converging with mainstream finance and institutions are increasingly seeking faster, more transparent and economically efficient ways to move money. Payment stablecoins represent a significant opportunity for U.S. financial institutions to modernise and stay competitive. That’s why we’re partnering with FIS by combining FIS’ ubiquitous banking and payments technology ecosystem with Circle’s blockchain-native infrastructure and USDC, we’re unlocking settlement at internet scale” commented Circle Chief Business Officer, Kash Razzaghi.
“This new partnership with Circle demonstrates FIS’ dedication to unlocking innovative financial technology that helps move money between the world’s banks, consumers and businesses. By providing our clients with direct access to USDC functionality within a regulated and compliant framework, they in turn will be able to offer their customers greater choice in payment methods than ever before. We are helping them to embrace the latest technology to reduce the complexity and costs associated with making payments, enabling funds to flow with greater speed, accuracy and security throughout the money lifecycle” stated FIS Co-President Banking Solutions, Jim Johnson.
Amundi Asset Management has warned rapidly expanding stablecoin volumes on the back of the successful passage of the GENIUS Act through the US Senate could disrupt capital flows and destabilise global payment systems.