Circle Internet Group (NYSE:CRCL) announced a partnership with global payments platform Nium on Wednesday, connecting USDC settlement to payout infrastructure across 190 countries.
Single Integration Replaces Fragmented Cross-Border Payment Rails
Nium joins the Circle Payments Network as a global payout partner, giving financial institutions direct access to payouts across more than 100 local currencies through a single integration.
Previously, institutions moving money across multiple corridors had to manage fragmented providers and prefund accounts in each market separately.
The partnership allows banks, fintechs, and enterprises to use USDC-powered settlement to route payments through the Circle Payments Network directly into Nium’s infrastructure, delivering local currency funds into accounts, wallets, and cards worldwide.
The Circle Payments Network already manages $8.3 billion in annualized transaction volume based on trailing 30-day activity as of March 31.
“Traditional and on-chain payment rails are converging, and that convergence demands …
