ClearBank and Circle’s partnership involves scaling USDC and EURC operations through Circle Mint, which enables the minting and redemption of the tokens.
ClearBank, a cloud-based clearing bank based in the United Kingdom, has formed a strategic partnership with Circle, the issuer of USDC, the second-largest stablecoin by market capitalization.
ClearBank signed a strategic framework agreement with a subsidiary of Circle Internet Group to cooperate on several stablecoin-related initiatives in the European market, the company announced on Monday.
The collaboration aims to scale access to Circle’s USDC (USDC) and EURC (EURC) stablecoins through Circle Mint, a service that allows authorized financial institutions and partners to create and redeem tokens directly on the blockchain.
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