TLDR
- Circle and LianLian Global partner to explore stablecoin-powered payment infrastructure for more efficient global cross-border transactions.
- The collaboration aims to modernize payment infrastructure, streamline settlement, and improve cost-efficiency for international merchants.
- Circle’s Payments Network could enable interoperability between traditional payment systems and blockchain infrastructure for real-time settlement.
- Circle’s recent acquisition of Interop Labs will enhance its multichain infrastructure, supporting seamless asset transfers across blockchains.
- These strategic moves reflect Circle’s focus on building a comprehensive financial ecosystem that supports blockchain interoperability and global commerce.
Circle, a global financial technology firm, has partnered with LianLian Global to explore next-generation cross-border payment solutions. The collaboration, formalized through a Memorandum of Understanding (MOU), aims to integrate stablecoin-powered infrastructure into international payments.
Circle and LianLian Global Explore Stablecoin-Powered Solutions
Circle and LianLian Global’s collaboration focuses on strengthening global commerce by modernizing payment infrastructure. The partnership will target faster, more resilient cross-border transactions and enhanced cost-efficiency for merchants. It will also streamline settlement processes, benefiting international platforms and enhancing global economic participation.
One key aspect of the collaboration is the potential for Circle’s Payments Network to support interoperability between traditional payment systems and blockchain-based infrastructure. This could enable near real-time settlement and 24/7 global commerce. The companies also plan to leverage Circle’s Arc blockchain to support payment use cases across the LianLian Global network.
Circle’s Vice President of Asia Pacific, Yam Ki Chan, commented, “This collaboration reflects our continued commitment to advancing open and interoperable financial infrastructure in Asia and beyond.” Chan highlighted the role of USDC in integrating with LianLian Global’s cross-border solutions to benefit businesses and platforms. This partnership reflects Circle’s focus on enhancing global commerce through digital assets.
Circle’s Recent Strategic Moves and Focus on Interoperability
Circle has been in a series of new mergers, as it was reported by Blockonomi earlier this week. The company announced its acquisition of the Interop Labs team, the original developers behind Axelar, a cross-chain interoperability framework. This acquisition will integrate Axelar’s proprietary technology into Circle, accelerating key projects like the Arc blockchain and the Cross-Chain Transfer Protocol (CCTP).
The addition of the Interop Labs team strengthens Circle’s multichain infrastructure, supporting seamless digital asset transfers across various blockchain networks. This move is set to enhance Circle’s ability to support secure and compliant movement of digital assets across general-purpose and permissioned blockchains. The integration will also improve the developer tools and SDKs for multichain applications.
Circle’s acquisition and the LianLian Global partnership both focus on expanding the company’s capacity to enhance cross-border payments and blockchain interoperability. These initiatives are part of Circle’s ongoing strategy to build a comprehensive, open-layer financial ecosystem that supports a variety of blockchain applications.
The post Circle and LianLian Global Join Forces for Next-Gen Cross-Border Payments appeared first on Blockonomi.
Source: https://blockonomi.com/circle-and-lianlian-global-join-forces-for-next-gen-cross-border-payments/
