Circle Lets Banks Settle in USDC Without Holding Stablecoins - CoinMarketCap
Circle introduces an infrastructure mechanism allowing traditional banking institutions to execute settlement operations denominated in USDC without directly holding or managing the underlying stablecoin inventory.
By removing the balance sheet friction of direct token custody for traditional banking partners, Circle significantly lowers the institutional barrier to entry for on-chain settlement rails. This infrastructure integration directly bypasses traditional correspondent banking settlement bottlenecks, accelerating bank adoption of public blockchain rails without forcing legacy compliance departments to manage crypto-asset inventories.