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Circle CEO: $68 million in internal settlements have been processed using USDC; the real-time model will be rolled out to more businesses
Svmuu News: Jeremy Allaire, CEO of stablecoin issuer Circle, posted on X that Circle has begun using its own platform to process internal fund settlements, completing approximately $68 million in cross-company settlements among eight entities via USDC and Circle Mint.The entire process took less than 30 minutes and operates 24/7, replacing the traditional fiat wire transfer process that typically takes 1–3 days, while providing full control and audit capabilities.Currently, 90% of the company’s transfer pricing settlements can be completed within a single day. As the “Circle” Mint functionality continues to be updated, this type of real-time settlement model based on stablecoins is expected to be made available to more enterprises in the future.
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Source：Odaily · Source Link
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