- Stripe-owned stablecoin infrastructure platform Bridge is partnering with Banking Circle to enable clients to move stablecoins into and out of local currencies, with support for EUR, GBP, USD, and soon AUD.
- The partnership combines Bridge’s stablecoin capabilities with Banking Circle’s regulated banking infrastructure, correspondent banking network, and local clearing access to facilitate cross-border payments and fiat-to-stablecoin conversions.
- The deal reflects the growing convergence of traditional banking and stablecoin infrastructure, as businesses increasingly seek regulated on- and off-ramps that make stablecoins practical for everyday global payments.
Banking Circle, a Luxembourg-based bank, announced today that Stripe-owned stablecoin infrastructure platform Bridge is using it to move money across the globe.
Banking Circle’s money movement infrastructure enables Bridge’s clients to move stablecoins in and out of local currencies. Currently, Banking Circle supports EUR and GBP, and plans to offer support for AUD in the third quarter of this year. Bridge will also use Banking Circle’s SWIFT capabilities to allow its clients to send and receive USD.
By offering stablecoin on- and off-ramps to and from local currencies, Bridge is giving its clients the flexibility to send and receive payments in multiple European currencies without having to worry about holding the currencies themselves.
“As payment businesses continue to expand globally, access to reliable, scalable banking infrastructure is critical,” said Banking Circle Chief Digital Assets Officer Kirit Bhatia. “Banking Circle provides regulated banking rails, local clearing access, multi-currency accounts and cross-border payment capabilities through a single integration, helping companies simplify operations and accelerate growth in new markets.”
As a fully regulated, licensed bank, Banking Circle offers Bridge access to its correspondent banking network for global payments. The company was founded in 2013 to provide payments, banking, and lending infrastructure to financial institutions and regulated payment businesses.
The partnership highlights the growing convergence between stablecoin infrastructure providers and traditional banking institutions. While Bridge offers businesses a way to move value using stablecoins, Banking Circle provides the regulated banking rails, local clearing access, and correspondent banking relationships needed to move funds into and out of local currencies.
“Banking Circle’s API-led infrastructure and multi-currency capabilities support our continued global expansion,” said Bridge Head of Product Mai Leduc Blount. “By making it seamless for businesses to convert between fiat and stablecoins, we ensure that any business can use stablecoins for everyday expenses, all around the world.”
Bridge was founded in 2022 to serve as an alternative payment method to compete with SWIFT and credit cards and was acquired by Stripe in 2024 for $1.1 billion. Bridge’s technology allows businesses to move, store, and accept stablecoins using just a few lines of code. The company’s Issuance APIs help clients issue their own stablecoin and accept USD, EUR, USDC, USDT or any other stablecoin.
Photo by Tom Fisk
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