According to an official announcement from Banking Circle, Banking Circle officially launched its stablecoin settlement service on April 27, 2026. Prior to this, the bank received a Crypto-Asset Service Provider (CASP) license from Luxembourg’s financial regulator, CSSF, on April 15. The new service enables instant two-way conversion between fiat currencies and major stablecoins such as USDC, USDG, and EURI, with round-the-clock settlement and regulatory traceability powered by the bank’s core platform. The global stablecoin market cap currently stands at approximately €250 billion, with annual payment transaction volumes reaching around €330 billion and monthly on-chain transaction volumes exceeding €8 trillion. Banking Circle CEO Laust Bertelsen stated that stablecoins have become a core infrastructure for cross-border settlement and fund management, and this launch aims to combine the efficiency of blockchain payments with banking-grade compliance standards to serve its global network of over 750 payment institution clients.
Banking Circle Launches Stablecoin Settlement Service After Obtaining CASP License
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Summary
On-chain news broke on April 27 as Banking Circle launched its stablecoin settlement service, following receipt of a CASP license from Luxembourg’s CSSF on April 15. Built on TechFlow, the service enables 24/7 fiat-to-stablecoin conversions for USDC, USDG, and EURI. CEO Laust Bertelsen said the initiative targets 750+ payment clients, combining blockchain speed with banking compliance. Digital asset news highlights the service’s traceability and instant settlement through the core banking platform.
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