ClearBank and Circle’s partnership involves scaling USDC and EURC operations through Circle Mint, which enables the minting and redemption of the tokens.
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ClearBank, a cloud-based clearing bank based in the United Kingdom, has formed a strategic partnership with Circle, the issuer of USDC, the second-largest stablecoin by market capitalization.
ClearBank signed a strategic framework agreement with a subsidiary of Circle Internet Group to cooperate on several initiatives in the European market, the company on Monday.
The collaboration aims to scale access to Circle’s USDC () and EURC () stablecoins through Circle Mint, a service that allows authorized financial institutions and partners to create and redeem tokens directly on the blockchain.
As part of the agreement, ClearBank also plans to become one of the first European banks to join the Circle Payments Network (CPN), which connects financial institutions and utilizes stablecoins like USDC and EURC to facilitate fast and secure transactions.
Through its cooperation with Circle, ClearBank aims to enhance access to Circle-issued stablecoins, which comply with the EU’s .
Circle became the with MiCA rules in July 2024, months before MiCA entered into full force in late 2024.
By integrating with Circle’s Circle Mint and CPN, ClearBank is connecting its cloud-native banking platform to Circle’s stablecoin settlement network, helping to bridge traditional and digital finance for faster and cheaper cross-border transactions.
“Joining Circle Payments Network will be a significant milestone in ClearBank’s evolution as a cross-border payments innovator,” ClearBank CEO Mark Fairless said, adding that Circle is “redefining how money moves globally.”
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The partnership also lays the groundwork for additional strategic initiatives, including stablecoin-based treasury solutions and tokenized asset settlement integrations, the announcement said.
Circle’s collaboration with ClearBank came weeks after the stablecoin issuer partnered with German securities marketplace Deutsche Börse. Announced on Sept. 30, the partnership aims to on Deutsche Börse’s 3DX exchange.
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