Circle has settled $68 million internally using USDC. The whole process took less than 30 minutes.
Circle Settles $68M Across 8 Entities in Under 30 Minutes Using USDC—Fiat Wires, Who Needs 'Em?
Circle is eating its own dog food—and it's working. CEO Jeremy Allaire shared on X that the company just used USDC and Circle Mint to handle about $68 million in cross-company settlements between eight of its own entities. The whole thing? Done in under 30 minutes. And it runs 24/7.
Compare that to traditional fiat wires, which can take one to three days—assuming nothing goes wrong. Same level of control and auditability, just... faster. A lot faster.
Allaire says this is just the beginning. As Circle Mint keeps adding features, they might open up this real-time settlement model to other companies. Already, about 90% of Circle's transfer pricing settlements are wrapping up within a day. So yeah, stablecoins aren't just for trading anymore—they're redefining how companies move money internally.
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