Global payouts platform Masspay expanded its integration with Circle Payments Network's Managed Payments service on June 9, enabling businesses to fund and make payments using USDC stablecoins without directly handling digital assets. The upgrade allows customers to access USDC-based settlement through a fully managed service that abstracts wallet management, asset conversion, and settlement flows, removing operational and compliance burdens typically associated with blockchain transactions. The expansion targets fintechs, payment service providers, banks, and large enterprises seeking faster, programmable settlement options within traditional financial and compliance frameworks as stablecoins become a more common component of global treasury operations.
Masspay Enables USDC Payouts Through Managed Service
The expanded integration builds on Masspay's existing connection to Circle's infrastructure. Customers can now create dedicated wallets, convert balances into USDC for treasury purposes, and send stablecoin payouts alongside existing methods such as bank transfers, debit cards, and digital wallets. Circle's Managed Payments product is designed for payment service providers, fintechs, banks, and large enterprises. The model removes the operational and compliance burden typically associated with blockchain transactions by abstracting wallet management, asset conversion, and settlement flows. Masspay now supports bank transfers, debit cards, digital wallets, and stablecoin-native payouts through a single integration.
Masspay CEO and Circle SVP Comment on Integration
Masspay CEO Ran Grushkowsky said in a statement, "The way businesses hold and move money is changing. More and more of our customers are holding [stablecoins] as a core part of how they manage their finances --- not as an experiment, but as an everyday tool." Irfan Ganchi, Circle's senior vice president of product management for payments, said Masspay's expanded use of the network reflects a broader shift among payout platforms. "Payments companies are looking to bring faster, cheaper, and programmable money movement into their core payout operations," he said.
Integration Targets Fintechs and Cross-Border Payment Users
For companies managing large, cross-border payout volumes, stablecoin settlement can reduce reliance on intermediaries and improve speed and predictability, particularly in regions where traditional settlement rails are slow or costly. Masspay said the expanded integration strengthens its ability to support businesses that increasingly use stablecoins for treasury and payout operations. Masspay said it aims to help businesses transition to digital-asset-powered workflows through Circle's managed infrastructure.
FAQ
What did Masspay announce on June 9?
Masspay announced an expanded integration with Circle Payments Network's Managed Payments service, enabling businesses to fund and make payments using USDC stablecoins without directly handling digital assets.
How does Masspay's integration with Circle work?
Customers can create dedicated wallets, convert balances into USDC for treasury purposes, and send stablecoin payouts alongside bank transfers, debit cards, and digital wallets through a single integration. The service abstracts wallet management, asset conversion, and settlement flows.
