While some are arguing about the prospects of digital assets, others are actively engaged in their implementation. A recent example is the strategic partnership between Finastra, a developer of banking software, and Circle, a company that produces the USDC stablecoin. Their cooperation is aimed at solving a very specific task – the simplification of international bank transfers.

It is planned that Finastra's Global PAYplus platform will be combined with Circle technologies. This will open up the possibility for banks using Finastra to conduct transactions in USDC, a stablecoin backed by real assets and pegged to the US dollar exchange rate. At the same time, nothing will change for ordinary users: they will be able to pay and receive money in their usual currencies, and correspondent banks will take over all operations with digital assets.

The main advantage of this solution is faster transactions and lower costs. The traditional method of international transfers, using correspondent banks, often takes a lot of time and resources. The blockchain used for calculations will help reduce delays and simplify the process. It is important that all transactions are conducted within the framework of the law: the USDC is a regulated asset with a clear reserve structure, which is important for conservative financial organizations.

This cooperation is an important sign for the entire market, showing that digital assets are gradually entering the financial system. Finastra and Circle are creating a real tool for improving the efficiency of international payments, which may soon become the new standard in this area.