Circle Brings USDC Workflows Into Banking Platform Used By Major Institutions

TL;DR Volante Technologies and Circle have announced a collaboration around stablecoin payment and settlement infrastructure. Volante plans to bring USDC workflows into the same payment platform banks already use for conventional rails. The work covers areas including minting, redemption, wallet registration, funding and wallet-to-wallet payments. Circle is bringing USDC deeper into the software stack banks already use to process payments. Volante Technologies announced a collaboration with Circle on September 28 that will integrate stablecoin workflows into Volante’s payments platform. The important part is not simply that another platform will support USDC. It is that banks will be able to evaluate stablecoin payments alongside their existing payment operations rather than building an entirely separate digital-asset system. Banks Can Keep One Payment Stack Volante provides payments technology to large financial institutions. The company says its clients include four of the five largest global corporate banks and seven of the top ten U.S. banks. Under the Circle collaboration, those institutions will be able to explore USDC workflows inside Volante’s existing platform. Potential f...