Fidelity National Information Services (FIS) has announced a partnership with Circle Internet Group to let U.S. banks offer payments in USDC, a regulated digital dollar. The service, launching by the end of 2025, will run through FIS’s Money Movement Hub, connecting banks to various payment networks. This comes after new U.S. laws gave stablecoins the green light.
FIS’s platform, which already handles over $10 trillion in annual payments, will now support USDC for real-time and international transactions. The move allows thousands of banks to plug into stablecoin payments without changing their systems or vendors. Instead of waiting days, customers can send money almost instantly.
USDC is backed 1:1 by U.S. dollars and short-term government bonds. This means that for every USDC in circulation, there’s a dollar or asset behind it. It offers the feel of crypto with the stability of the dollar. According to Bloomberg, FIS will also add built-in fraud tools and compliance checks to help banks meet traditional rules.
Himal Makwana, global head of corporate strategy at FIS, noted that stablecoins are no longer just for crypto fans. “Stablecoins are much more mature and grounded in actually solving client-end problems,” he said.
With this partnership, Circle’s USDC will now reach thousands of new banks through FIS’s network. Kash Razzaghi, chief business officer at Circle, said this is just the beginning. “This is one example of a partnership we have in place that can enable us to drive growth and distribution of USDC,” he stated.
This comes weeks after the GENIUS Act was signed into law, giving banks the green light to work with crypto and stablecoins. That change is encouraging more companies to build new tools and products. However, FIS isn’t alone; rival firm Fiserv also announced plans for its own stablecoin, called FIUSD, and a partnership with Circle.
Jim Johnson, co-president of Banking Solutions at FIS, said the company wants to make payments faster, cheaper, and more secure. “We are helping them to embrace the latest technology to reduce the complexity and costs associated with making payments,” he explained.
This deal marks another step in bringing crypto-like features to the traditional financial system, without needing to change how banks operate. With Circle and FIS joining forces, stablecoins may soon be part of everyday banking.
Also Read: $111B Interactive Brokers Eyes Stablecoin for Instant Funding
