Banking Circle Launches Stablecoin Settlement Service with Luxembourg Regulatory Approval

Gate News message, April 27 — Banking Circle, a European payments processor, officially launched its stablecoin settlement service today. The company has obtained a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator CSSF.

The new service enables instant two-way conversion between fiat currencies and major stablecoins including USDC, USDG, and EURI. Settlements operate around-the-clock through Banking Circle's core banking platform with full regulatory traceability.

According to current market data, the global stablecoin market cap stands at approximately €250 billion, with annual payment transaction volume of €330 billion and monthly on-chain trading volume exceeding €8 trillion. CEO Laust Bertelsen stated that stablecoins have become core infrastructure for cross-border settlement and fund management, adding that the launch combines blockchain payment efficiency with banking compliance standards. Banking Circle serves over 750 payment institution clients globally.