Payments

FIS partners with Circle to enable stablecoin banking transactions

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July 29, 2025

FIS, a fintech company, partnered with Circle Internet Group Inc. to allow banks to utilize the stablecoin USDC, according to a press release. This comes on the heels of news of the GENIUS Act, which established regulations for stablecoins.

FIS will work with the subsidiary Circle to allow financial institutions to offer customers domestic and cross-border USDC payments. This service will be provided through FIS' Money Movement Hub, which will offer payments and fraud detection alongside Circle's blockchain infrastructure.

"With the GENIUS Act now enacted as U.S. law, stablecoins are converging with mainstream finance and institutions are increasingly seeking faster, more transparent and economically efficient ways to move money. Payment stablecoins represent a significant opportunity for U.S. financial institutions to modernize and stay competitive," Kash Razzaghi, chief business officer, Circle, said in the release. "That's why we're partnering with FIS - by combining FIS' ubiquitous banking and payments technology ecosystem with Circle's blockchain-native infrastructure and USDC, we're unlocking settlement at internet scale."

"By providing our clients with direct access to USDC functionality within a regulated and compliant framework, they in turn will be able to offer their customers greater choice in payment methods than ever before. We are helping them to embrace the latest technology to reduce the complexity and costs associated with making payments, enabling funds to flow with greater speed, accuracy and security throughout the money lifecycle," Jim Johnson, co-president, banking solutions, FIS, said in the release.