Banking Circle Unveils Stablecoin Settlement After Landing Crypto License

Luxembourg-based financial services company Banking Circle has launched stablecoin settlement services, including fiat-to-stablecoin and stablecoin-to-fiat capabilities. This new offering, announced on April 27, 2026, follows the company's receipt of a crypto-asset service provider (CASP) license earlier in the month. CEO Laust Bertelsen described the license award as a milestone, noting that stablecoins have evolved into core infrastructure for cross-border settlement and treasury management. The service aims to provide a fully integrated solution for institutions seeking the speed and efficiency of stablecoin rails while combining blockchain-based payment availability with the compliance and security standards of a regulated bank. Research indicates that while 42% of middle-market companies have engaged with stablecoins, businesses prefer working with banks over crypto-native wallets due to established trust frameworks, custody standards, and compliance processes. Nearly half of surveyed CFOs believe integration with major banks would make stablecoins more relevant, though regulatory uncertainty remains a significant obstacle.

(Source：Pymnts)