Wednesday 6 April 2022--THE PAYPERS--US-based Worldpay from FIS has given merchants the ability to receive settlement directly in USD Coin (USDC).

 

Stablecoins are a type of cryptocurrency pegged to a ‘stable’ reserve asset (such as the US dollar) and can be redeemed one-to-one. USDC is one of the growing, regulated dollar digital currencies with more than USD 51 billion in circulation as of April 2022.

 

By teaming up with Circle, a global financial technology firm that provides payments and financial infrastructure to businesses of all sizes, and the sole issuer of USDC, Worldpay will enable both crypto-native and traditional businesses to build a fit-for-purpose settlement and treasury strategy that caters to their preferred currency for conducting business.