Circle Implements Real-Time Settlement with USDC

Circle, a stablecoin issuer, has initiated internal fund settlements through its own platform, according to PANews. Jeremy Allaire, Circle's CEO, announced on X that the company recently completed inter-company settlements totaling approximately $68 million using USDC and Circle Mint across its eight entities. The entire process took less than 30 minutes and operates 24/7, replacing traditional fiat wire transfers that typically require 1–3 days. This method maintains full control and audit capabilities. Allaire noted that as Circle Mint continues to update, this stablecoin-based real-time settlement model may become available to more enterprises. Currently, about 90% of the company's transfer pricing settlements can be completed within a day.