TechFlow News: On March 7, Jeremy Allaire, CEO of stablecoin issuer Circle, posted on X stating that Circle has begun using its own platform to process internal fund settlements—completing approximately $68 million in cross-entity settlements across eight entities via USDC and Circle Mint. The entire process took under 30 minutes and operates 24/7, replacing traditional fiat wire transfers that typically require one to three days. This new method also provides full control and auditability. Currently, 90% of the company’s transfer pricing settlements are completed within one day. As Circle Mint’s functionality continues to evolve, this stablecoin-based real-time settlement model is expected to become available to more enterprises in the future.
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