FIS and Circle partner to provide stablecoin payment services to banks

FIS (Fidelity National Information Services Inc), a US banking technology service provider, announced a partnership with Circle Internet Group Inc to provide financial institutions with trading services based on Circle's stablecoin USDC. The two parties aim to help US banks provide customers with the option of using USDC for domestic and cross-border payments. FIS plans to integrate USDC into its funds flow platform, and the service is expected to be launched before the end of the year.

FIS, a leading global financial technology company, has established an important partnership with Circle to integrate Circle's USDC stablecoin functionality into infrastructure solutions such as the FIS Money Movement Center, and provide US financial institutions with USDC stablecoin payment capabilities through FIS's Money Movement Hub. This collaboration comes at a time when new US stablecoin legislation is being passed, and aims to provide financial institution customers with domestic and cross-border payment options based on USDC.

FIS is working with Circle to promote the USDC stablecoin into mainstream financial institutions.