Banking Circle has launched stablecoin settlement services after securing a Crypto-Asset Service Provider (CASP) licence from Luxembourg’s financial regulator.

The licence, granted by the Commission de Surveillance du Secteur Financier on 15 April 2026, allows Banking Circle to expand its digital asset services within a regulated framework.

The new service enables institutions to move between fiat currencies and stablecoins through Banking Circle’s core platform.

It supports fiat-to-stablecoin and stablecoin-to-fiat settlement with stablecoins including USDC, USDG and EURI.

The service is designed for institutions seeking faster settlement through stablecoin rails while meeting the compliance, security and risk management standards expected of a regulated bank.

Laust Bertelsen, CEO of Banking Circle, said,

“The award of our CASP license is an important milestone for Banking Circle, as well as for the broader payments ecosystem.

Stablecoins have fast evolved from a peripheral innovation into core infrastructure for cross-border settlement, treasury management, and financial inclusion.”

Banking Circle cited a global stablecoin market capitalisation of about €250 billion, annual payment-related transaction volumes of around €330 billion and monthly on-chain volumes exceeding €8 trillion.

Kirit Bhatia, Chief Digital Asset Officer at Banking Circle, said,

“We have spent years building the financial infrastructure that enables more than 750 payment companies, financial institutions, and marketplaces to efficiently move and convert over €1.5 trillion annually across the globe.

Stablecoins are a natural extension of that infrastructure and central to our mission of eliminating unnecessary cost and complexity through technology.”

The stablecoin settlement service adds to Banking Circle’s payments infrastructure as demand grows for real-time and always-on settlement options.

Featured image: Edited by Fintech News Switzerland, based on image by ghiska via Freepik