Share this article
ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins
ClearBank’s partnership with Circle aims to bring faster, lower-cost cross-border payments to Europe using USDC and EURC.
Oct 27, 2025, 10:08 a.m.
Make us preferred on Google
What to know:
- ClearBank to integrate with Circle Payments Network for near-instant global money movement.
- Partnership expands European access to USDC and EURC, both MiCA-compliant stablecoins.
- Collaboration could pave the way for tokenized asset settlements and digital treasury tools.
ClearBank, a crypto-friendly neobank and regulated provider of Faster Payments in the U.K., plans to join the Circle Payments Network (CPN), linking its cloud-native banking platform to Circle’s blockchain-based infrastructure to speed up cross-border payments and offer access to regulated stablecoins.
The move follows a new strategic agreement between the U.K.-founded clearing bank and Circle Internet Group, the company behind the USDC and EURC stablecoins. ClearBank will become one of the first European banks to integrate with CPN, allowing clients to transfer funds globally at near-instant speed while maintaining regulatory transparency, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
It’s an interesting move because ClearBank was reportedly looking to bring its own stablecoin to the table. However, reading between the lines, dealing with the likes of the Bank of England has not been an easy lift.
There’s lots happening when it comes to the stablecoins for payments use case. Since Circle launched its CPN back in April of this year, the firm’s main revenue sharing partner, Coinbase, has joined the party with a stablecoin-driven payments offering
The ClearBank collaboration centers on expanding access to Circle Mint, a platform that enables financial institutions to mint and redeem USDC and EURC. Both tokens are fully reserved and designed to comply with Europe’s new Markets in Crypto-Assets (MiCA) regulation.
ClearBank said it will also explore new use cases with Circle, including stablecoin-based treasury services and tokenized asset settlements. These developments could make routine financial operations—such as corporate payments or international remittances—faster and cheaper by reducing reliance on legacy banking rails.
Mark Fairless, ClearBank’s CEO, called the partnership a “milestone” in the company’s efforts to modernize cross-border finance, while Circle’s VP for EMEA partnerships, Sanja Kon, said the collaboration will expand access to “open, programmable money” in Europe’s financial system.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business
Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously
What to know:
- Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
- At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
- He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.
Top Stories
