Banking Circle officially launches stablecoin settlement services after obtaining the CASP license

Deep Tide TechFlow News, April 27 — According to an official announcement from Banking Circle, Banking Circle will officially launch its stablecoin settlement service on April 27, 2026. Previously, the bank obtained a Crypto Asset Service Provider (CASP) license issued by the Luxembourg financial regulator CSSF on April 15. The new service supports instant, two-way exchanges between fiat currencies and mainstream stablecoins such as USDC, USDG, and EURI, and relies on the bank’s core platform to enable 24/7 settlement and regulatory traceability.

Currently, the global stablecoin market cap is approximately 250 billion euros, with annual payment transaction volume around 330 billion euros, and monthly on-chain transaction volume exceeding 8 trillion euros. Banking Circle CEO Laust Bertelsen stated that stablecoins have become a core infrastructure for cross-border settlement and fund management. The launch aims to combine blockchain payment efficiency with banking compliance standards, serving its more than 750 global payment institution clients.

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