Banking Circle S.A. (Banking Circle) today announced the launch of its stablecoin settlement services, marking a significant step in the convergence of traditional banking and digital assets. The new offering will provide a suite of fiat-to-stablecoin and stablecoin-to-fiat capabilities, from the bank’s core platform. This follows Banking Circle’s successful receipt of a Crypto-Asset Service Provider (CASP) license from the Commission de Surveillance du Secteur Financier (CSSF) on 15 April 2026, signalling a new chapter in the bank’s expansion into digital asset services.
With increasing regulatory clarity and growing institutional participation, stablecoins are playing a growing and important role in next-generation financial services. The global stablecoin market has reached approximately €250 billion in market capitalisation, with annual payment-related transaction volumes estimated at €330* billion, and monthly on-chain volumes exceeding €8 trillion.
Against this backdrop, Banking Circle’s stablecoin settlement service is designed to provide a fully integrated solution for institutions seeking to harness the speed and efficiency of stablecoin rails. By combining the 24/7 availability of blockchain-based payments with the compliance, security, and risk management standards of a regulated bank, the solution addresses longstanding inefficiencies in traditional global settlement rails.
Direct integration with Banking Circle’s core platform allows clients to seamlessly interoperate between fiat currencies and leading stablecoins, including USDC, USDG, and EURI with instant settlement and full regulatory traceability.
Laust Bertelsen, CEO of Banking Circle, said: “The award of our CASP license is an important milestone for Banking Circle, as well as for the broader payments ecosystem. Stablecoins have fast evolved from a peripheral innovation into core infrastructure for cross-border settlement, treasury management, and financial inclusion. We are proud to be at the forefront of bringing these capabilities to market within a robust regulatory framework.”
Kirit Bhatia, Chief Digital Asset Officer at Banking Circle, added: “We have spent years building the financial infrastructure that enables more than 750 payment companies, financial institutions, and marketplaces to efficiently move and convert over €1.5 trillion annually across the globe. Stablecoins are a natural extension of that infrastructure and central to our mission of eliminating unnecessary cost and complexity through technology.”
As global payments continue to shift toward real-time, always-on infrastructure, Banking Circle’s stablecoin offering positions the bank at the forefront of a rapidly evolving landscape.
For media queries, please contact:
Banking Circle
Gaya Ananda
gaya@bankingcircle.com
About Banking Circle S.A.
Banking Circle S.A. is a public limited liability company (Société Anonyme) and credit institution headquartered in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF) as its home regulator. Banking Circle S.A. has branches in Denmark, Sweden, Germany, Norway, Poland, the Czech Republic and the UK, and subsidiaries in Liechtenstein, Singapore and Australia. As a fully licenced bank, Banking Circle S.A. enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost.
Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver fast, low-cost payments with no hidden fees for the beneficiary. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security. Through bespoke, flexible, scalable and futureproof solutions Banking Circle S.A. is enabling financial institutions to help their customers transact across borders in innovative ways.
