Circle CEO: We have already achieved $68 million in internal settlements using USDC, and the real-time model will be rolled out to more businesses.

Jeremy Allaire, CEO of stablecoin issuer Circle, stated on the X platform that Circle has begun using its platform to process internal fund settlements. Through USDC and Circle Mint, approximately $68 million in cross-company settlements were completed between eight entities in less than 30 minutes and can operate 24/7. This method replaces the traditional fiat currency wire transfer process, which typically takes 1-3 days, and offers complete control and auditing capabilities. Currently, 90% of the company's transfer pricing settlements can be completed within one day. As Circle Mint continues to update its functionality, this real-time settlement model based on stablecoins is expected to be available to more enterprises in the future.