Share this article
Circle Enlists FIS, Crypto.com for Merchant Payments Settled in USDC
The deal with FIS Worldpay is meant to free firms from the “fiat-only ecosystem.”
Updated May 11, 2023, 5:57 p.m. Published Apr 6, 2022, 1:11 p.m.
Merchants who use fintech company FIS can now receive settlement directly in USDC after an arrangement with the stablecoin’s operator, Circle.
- The tie-up with FIS Worldpay, a card-to-crypto processor, lets businesses stay in the realm of crypto without having to cash out to fiat. USDC is backed by reserve assets and designed to stay pegged to the value of $1.
- In a joint statement, Circle and FIS said the move is meant to grease the gears of crypto adoption by letting firms “directly receive, hold, and transfer stablecoins in a fast and efficient manner.”
- USDC is the second-largest stablecoin by market capitalization, with over $51 billion in circulation across multiple blockchains.
- Crypto exchange Crypto.com will run a pilot for the USDC settlement initiative, according to a statement Wednesday.
- Recently, BNY Mellon and Circle worked out a custody pact with BNY Mellon serving as the “primary custodian” for the reserve assets behind the USDC stablecoin.
Read more: BNY Mellon to Custody Assets Backing Circle's USDC Stablecoin
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
