FIS Partners With Circle to Bring Stablecoin Payments to U.S. Banks

TheCryptoTimesPublished on 2025-07-05Last updated on 2025-07-29

Fidelity National Information Services (FIS) announced a partnership with Circle Internet Group to integrate USDC stablecoin payments into its Money Movement Hub, enabling thousands of U.S. banks to offer real-time and cross-border digital asset transactions. The service launches before year-end through FIS’s platform that processes over $10 trillion in annual payments.

According to a report from Bloomberg, this service aims to let banks use Circle’s stablecoin “USDC”.  The system will run through FIS’s Money Movement Hub, which connects banks to many payment networks.

Stablecoin Goes Mainstream

The partnership integrates Circle’s USD Coin (USDC) into FIS’s Money Movement Hub, which connects banks to multiple payment networks. USDC, backed by U.S. dollars and short-term government securities, maintains 1:1 dollar parity and enables instant settlement compared to traditional banking rails.

According to Himal Makwana, global head of corporate strategy at FIS, this type of technology is no longer a fringe idea. “Stablecoins are much more mature and grounded in actually solving client-end problems,” he said.

The integration includes built-in fraud detection and regulatory compliance tools designed for traditional banking requirements. It leverages FIS’s established trust relationships with traditional banks to introduce stablecoin capabilities without requiring separate vendor approval processes. Banks can offer instant payments and cross-border transfers through familiar FIS interfaces while accessing blockchain settlement benefits.

Circle to Expand Reach Through the Partnership 

With this team-up, Circle will now be able to offer its digital coin to thousands of banks already using FIS’s services. Kash Razzaghi, chief business officer at Circle, said the partnership is key for growing USDC.

“This is one example of a partnership we have in place that can enable us to drive growth and distribution of USDC,” he said. He also said banks trust FIS to guide them in the new world of digital money.

Moreover, this is coming just a few weeks after the U.S government announced that banks can now deal in cryptocurrency and also signed the GENUIS Act, which is a law to regulate stablecoins into law. 

These changes are encouraging more banks and tech firms to work together. FIS’s competitor, Fiserv, also shared plans to launch its own stablecoin, FIUSD, and work with Circle too.

Also Read: Bakkt Shares Drop 40% After $75M Stock Offering



Related Reads

The Robinhood Stock Tokens You Bought Are Just Debts from Jersey Island

The Robinhood stock tokens you buy are essentially debt securities issued by a shell company in Jersey, not real equity. These tokens merely track stock prices like NVIDIA or Apple but grant no shareholder rights like voting or dividends. If the underlying company fails, you have no claim on its assets. Instead, you hold a debt instrument from Robinhood Assets (Jersey) Limited, which promises returns based on stock performance. If this Jersey entity goes bankrupt, you become an unsecured creditor. This complex structure stems from Robinhood's past crisis during the 2021 GameStop short squeeze, where T+2 settlement caused liquidity issues. The blockchain-based tokens enable instant settlement, theoretically preventing such trading halts. The product is classified by the SEC as a "linked security" or structured note, carrying counterparty risk not borne by actual shareholders. It is available globally but excluded from the US, UK, and other major markets, while Robinhood offers a fully compliant, asset-backed token model in Europe under MiFID II. The system relies on oracles for pricing, which poses risks like manipulation and faulty liquidations seen in DeFi exploits. Robinhood profits from spreads and aims to become a full-chain settlement layer. Meanwhile, competitors like Ondo have launched SEC-registered, fully compliant equity tokens in the US with actual voting rights and dividends. Robinhood’s Jersey debt model appears as a transitional, regulatory-arbitrage product, aiming to capture market share ahead of future regulatory clarity.

Foresight News33m ago

The Robinhood Stock Tokens You Bought Are Just Debts from Jersey Island

Foresight News33m ago

Trading

Spot
活动图片