TechFlow News, April 27: According to an official announcement by Banking Circle, the company officially launched its stablecoin settlement service on April 27, 2026. Prior to this, Banking Circle had obtained a Crypto-Asset Service Provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), on April 15. The new service supports instant, two-way conversions between fiat currencies and major stablecoins—including USDC, USDG, and EURI—and enables 24/7 settlement with regulatory traceability via Banking Circle’s core banking platform.
Currently, the global stablecoin market capitalization stands at approximately €250 billion, with annual payment transaction volume totaling around €330 billion and monthly on-chain transaction volume exceeding €8 trillion. Laust Bertelsen, CEO of Banking Circle, stated that stablecoins have become core infrastructure for cross-border settlement and treasury management. This initiative aims to combine the efficiency of blockchain-based payments with banking compliance standards, serving Banking Circle’s global client base of over 750 payment institutions.
