Expanding Access to Digital Currencies
ClearBank has announced a new agreement focused on expanding access to Circle’s fully backed digital currencies across Europe. Through this collaboration, ClearBank aims to provide financial institutions and fintechs with an easier and compliant method to utilize stablecoins for payments, liquidity management, and cross-border transactions.
Joining the Circle Payments Network
A key component of this partnership involves ClearBank's clients gaining access to Circle Mint, Circle’s platform for minting and redeeming USDC and EURC. These stablecoins are designed to maintain a steady value, backed one-to-one by cash and short-term government assets. The integration is expected to enhance the speed and reduce the costs associated with payments compared to traditional international transfers. The Bank for International Settlements notes that cross-border payments typically take two to three days, a timeframe that stablecoins like USDC could potentially reduce to mere seconds.
ClearBank also plans to join the Circle Payments Network (CPN), a global system connecting banks and businesses through blockchain-based settlement. By integrating its cloud-native banking platform with Circle’s digital payment rails, ClearBank is advancing its strategy of merging traditional finance with the efficiencies of blockchain technology. This connection is designed to enable clients to transfer money across borders instantaneously, with full transparency and reduced fees.
🇪🇺 NEW: ClearBank teams up with Circle to scale the stablecoins USDC & EURC in Europe. pic.twitter.com/MXsk81PVSS
— Cointelegraph (@Cointelegraph) October 27, 2025
Mark Fairless, CEO of ClearBank, described the move as "a milestone in ClearBank’s evolution as a cross-border payments innovator," highlighting how Circle’s technology complements ClearBank’s regulated banking infrastructure. Sanja Kon, Circle’s VP for Partnerships in EMEA, expressed a similar sentiment, stating that the partnership would "expand access to USDC and EURC, enabling faster settlement and greater transparency."
Understanding Stablecoins
In related developments, USDC and USDT are now live on the Avalanche blockchain via Gemini. This integration allows users to move, trade, and earn with these leading digital dollars at enhanced speeds and reduced costs.
USDC and USDT are now live on @avax , expanding our stablecoin support across more networks. pic.twitter.com/YY4pMA91wT
— Gemini (@Gemini) October 24, 2025
By introducing USDC and USDT to Avalanche’s high-performance, low-fee ecosystem, developers and businesses gain increased flexibility for payments, decentralized finance (DeFi), and on-chain settlements. This development further strengthens the connection between traditional finance and Web3 applications.