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An affiliate of Circle Internet Group, Inc. (NYSE: CRCL), the issuer of stablecoin USDC through its regulated entities, announced on Wednesday that it has signed a Memorandum of Understanding with LianLian Global, a licensed cross-border payments provider, to explore expanding the use of USDC.
By upgrading treasury and settlement processes the initiative aims to reduce friction in cross-border payments while improving reliability for merchants operating across multiple jurisdictions and currencies.
Both parties will assess how stablecoins such as USDC can support faster and more resilient transactions especially in high-volume international payment flows.
According to the announcement the agreement also focuses on improving cost efficiency and streamlining settlement processes for merchants and platforms. Traditional cross-border payments often involve multiple intermediaries with delayed settlement times and opaque fees.
