Ivy and Circle Join Forces for Instant Worldwide Money Transactions
In a groundbreaking move, Ivy, a global platform specializing in instant payments, and Circle, a fintech company known for developing stablecoins like USDC and EURC, have formed a strategic alliance. This partnership aims to reshape cross-border transactions in the Web3 ecosystem, bringing significant benefits and implications for businesses operating in the decentralized economy.
One of the key advantages of this collaboration is the creation of borderless bank accounts that support native settlements in USDC and EURC. This allows Web3 businesses to carry out instant, seamless cross-border payments in either fiat currency or stablecoins, eliminating traditional intermediaries and delays typical in legacy systems.
The integration of Circle's stablecoins into Ivy's instant payment systems also promises faster, cost-effective global transactions. By enabling real-time global bank transfers at internet speed, this partnership drastically reduces settlement times and transaction costs, improving liquidity and operational efficiency for businesses operating across borders.
Ivy's continuous settlement layer, built-in access to mint and redeem USDC directly from fiat, ensures that businesses can carry out these transactions 24/7. This infrastructure supports uninterrupted global financial activity without downtime.
The collaboration between Ivy and Circle also promotes a transparent, inclusive financial ecosystem. By combining blockchain-based stablecoins with traditional banking infrastructure, the partnership addresses demands for a new standard in money movement that is global, instant, and accessible.
Ivy supports local collection accounts across Europe in multiple currencies (USD, EUR, GBP, SEK, DKK), with instant conversion into USDC or EURC. This facilitates geographically broad and currency-flexible operations for Web3 businesses.
The strategic positioning of this alliance comes at a time when stablecoin transaction volumes have surpassed those of major credit card networks like Visa and Mastercard, highlighting a paradigm shift in payment preferences and infrastructure toward digital assets.
Overall, the partnership enables Web3 companies, crypto platforms, e-commerce merchants, and payment service providers to manage cross-border transactions more efficiently by bridging traditional finance with blockchain-native stablecoins. This not only accelerates payment speeds and reduces costs but also fosters a more open, real-time, and interoperable financial ecosystem critical for the decentralized economy.
The agreement is expected to simplify and accelerate the flow of money across borders, addressing growing demands for seamless, cost-effective financial services in the digital age. This partnership is a significant step towards modernizing payment infrastructures and fostering a more inclusive, efficient, and transparent financial system.
- This partnership between Ivy and Circle, rooted in fintech and technology, aims to revolutionize the business world by enabling real-time, cost-effective global transactions using stablecoins like USDC and EURC.
- The collaboration also promises to create borderless bank accounts, allowing Web3 businesses to execute instant, seamless cross-border payments in either fiat currency or stablecoins, bypassing traditional intermediaries and eliminating common delays.
- By combining blockchain-based stablecoins with traditional banking infrastructure, this alliance promotes a transparent, inclusive financial ecosystem that supports global, instant, and accessible money movement, bridging the gap between traditional finance and the decentralized economy.
