Around Apr. 27, Luxembourg-based credit institution Banking Circle S.A. launched a stablecoin settlement service. After receiving a crypto-asset service provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), around Apr. 15, the bank integrated conversions between fiat currencies and stablecoins into its core platform, enabling customers to settle fiat-to-stablecoin and stablecoin-to-fiat transactions. The press release listed the initial supported assets as Circle’s US dollar stablecoin USDC and the bank’s own euro stablecoin, EURI. The bank said conversions can be settled instantly while maintaining full regulatory traceability.
Headquartered in Luxembourg, the bank is supervised by the CSSF in its home jurisdiction and serves institutional clients, including payment companies and financial institutions. The launch integrates stablecoin settlement into the bank’s existing platform; it does not mean that the service is already available in all markets where the bank has branches or subsidiaries, or that all customers have been connected.
The settlement capability is now available to institutional customers; this does not mean it has been opened to all jurisdictions or to retail customers.
$USDC
#银行 #稳定币 #Payments
Headquartered in Luxembourg, the bank is supervised by the CSSF in its home jurisdiction and serves institutional clients, including payment companies and financial institutions. The launch integrates stablecoin settlement into the bank’s existing platform; it does not mean that the service is already available in all markets where the bank has branches or subsidiaries, or that all customers have been connected.
The settlement capability is now available to institutional customers; this does not mean it has been opened to all jurisdictions or to retail customers.
$USDC
#银行 #稳定币 #Payments