FIS collaborates with Circle to provide stablecoin payment services for banks

According to Bloomberg, US banking technology service provider FIS (Fidelity National Information Services Inc.) announced a partnership with Circle Internet Group Inc. to provide financial institutions with trading services based on Circle stablecoin USDC. Both parties aim to assist Bank of America in providing customers with the option to use USDC for domestic and cross-border payments. FIS plans to integrate USDC into its cash flow platform, and it is expected that the service will be launched before the end of the year.