ClearBank will join the Circle Payment Network to expand the use of MiCA compliant stablecoins.

According to Deep Tide TechFlow news on October 27, reported by CoinDesk, ClearBank announced plans to join the Circle Payment Network ( CPN ), connecting its cloud-native banking platform with Circle's blockchain infrastructure to accelerate cross-border payments and provide regulatory stablecoin services. As a regulatory provider for the UK payment system, ClearBank will be one of the first European banks to integrate with CPN, enabling customers to transfer global funds at near-instant speeds while maintaining regulatory transparency. The focus of this collaboration is to expand access to the Circle Mint platform, which allows financial institutions to mint and redeem fully reserved USDC and EURC stablecoins in compliance with the new European crypto asset market ( MiCA ) regulations. Both parties will also explore new application scenarios, including stablecoin-based financial services and tokenization of asset settlement.