Circle has partnered with Mastercard and Finastra to promote stablecoin payment services in Europe and Africa

ChainCatcher news, according to Circle's announcement, in collaboration with Mastercard and Finastra, aims to integrate stablecoin settlement capabilities into mainstream finance, further promoting USDC's integration into the global payment landscape.

Mastercard announced on Wednesday that it will allow acquirers and merchants in Eastern Europe, the Middle East, and Africa (EEMEA) to settle transactions using USDC and EURC. Arab Financial Services and Eazy Financial Services will be the first to access this service, marking Mastercard's first provision of stablecoin settlement services in the region.

London-based financial software provider Finastra also announced on Wednesday that it will integrate USDC into its Global PAYplus platform. This platform processes over $50 trillion in cross-border transactions daily.

Circle stated that this integration will enable banks in 50 countries to use USDC for international payment settlements, even if payment instructions are still denominated in fiat currency.