Financial technology firm FIS has partnered with Circle to enable US financial institutions to transact using USDC, the regulated stablecoin backed one-to-one by the US dollar.
The agreement follows the recent enactment of the GENIUS Act, which formally recognises payment stablecoins within the US financial system. Through the partnership, FIS clients will be able to offer both domestic and cross-border payments in USDC, integrating stablecoins more deeply into traditional banking infrastructure.
FIS will connect its digital infrastructure, including the recently launched Money Movement Hub, to Circle’s blockchain-native payments platform. The Money Movement Hub enables institutions to access multiple payment rails and types through a single platform. The integration will combine Circle’s USDC functionality with FIS’ real-time payments and fraud detection tools, creating what FIS calls a “scalable path” for banks to adopt digital assets.
“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,” said Jim Johnson, co-president of Banking Solutions at FIS. “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.”
Circle’s Chief Business Officer, Kash Razzaghi, said the collaboration comes at a moment when stablecoins are becoming part of the financial mainstream. “Payment stablecoins represent a significant opportunity for US banks to modernise and stay competitive,” he said. “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.”
USDC is issued by Circle’s regulated affiliates and is fully backed by dollar-denominated reserves.
