Fipto Joins Circle Payments Network to Enable Fast USDC B2B Settlements Across LATAM and Asia

Fipto has joined the Circle Payments Network as an Originating Financial Institution, enabling European businesses to settle B2B payments across seven new markets in Latin America and Asia. By utilizing USDC as a settlement asset, the partnership bypasses traditional correspondent banking chains to deliver near-instant payouts in local currencies like the Brazilian real and Singapore dollar.

What was announced

Fipto is now acting as an Originating Financial Institution (OFI) within the Circle Payments Network (CPN). This designation allows Fipto to initiate payments from the European Union and settle them through CPN to licensed institutions in destination countries. The service is designed for companies needing to pay suppliers, partners, or workforces outside the euro area without the delays and costs associated with legacy correspondent banking.

The expansion covers seven specific currencies: the Brazilian real (BRL), Mexican peso (MXN), Colombian peso (COP), Singapore dollar (SGD), Hong Kong dollar (HKD), Philippine peso (PHP), and Chinese yuan (CNY). Payments are funded via a USDC balance and delivered through domestic payment rails, including PIX in Brazil and SPEI in Mexico. This structure allows for settlement often within minutes, a significant shift from the several days typically required for cross-border transfers.

The technical integration is available through the Fipto web application or API. Compliance is integrated directly into the transaction flow, with identity and Travel Rule information collected when a beneficiary is created. Because the exchange rate is locked at the moment of approval, treasury teams can see the final payout amount in advance, eliminating the pricing uncertainty common in traditional international transfers. This transparency allows firms to avoid pre-positioning capital in destination accounts, improving overall working capital efficiency.

"Cross-border payments have waited a long time for infrastructure that is both fast and fully regulated. By joining Circle Payments Network as an Originating Financial Institution, we can now settle payouts from Europe to Latin America and Asia in minutes, within the same regulatory framework our clients already trust. This is what we mean when we say regulated stablecoin infrastructure is becoming the standard for B2B payments, not an alternative to it."

Bertrand Godin, Co-founder & COO of Fipto.

The companies involved

Fipto provides regulated infrastructure for B2B payments and treasury management powered by stablecoins. Based in France, the company holds dual regulatory status: it is licensed as a Crypto-Assets Services Provider under the Markets in Crypto-Assets (MiCA) regulation by the French Financial Markets Authority (AMF), and as a Payment Institution by the French Prudential Control and Resolution Authority (ACPR). This regulatory standing positions Fipto as a compliant bridge between traditional corporate finance and on-chain settlement assets.

Circle is the issuer of USDC, a highly liquid and regulated dollar-backed stablecoin. The company operates the Circle Payments Network as a settlement layer designed to connect licensed financial institutions globally. By using USDC as the intermediary asset, Circle aims to replace the multi-step chain of correspondent banks with a more direct settlement path. Circle has recently focused on expanding its network through partnerships with regulated originators in key financial hubs, seeking to institutionalize the use of stablecoins for commercial and industrial-scale value transfer.

What FF News has reported before

FF News has tracked Circle’s aggressive expansion of its stablecoin infrastructure and cross-border capabilities. The company recently moved to bolster its European presence, as seen when Circle Expands Cross-Chain Transfer Protocol (CCTP) Support to Euro Stablecoin EURC. Beyond Europe, Circle has been integrating with regional leaders to drive adoption, such as when Zand Expands Stablecoin Infrastructure in UAE Through Circle USDC Integration. The utility of USDC is also expanding into capital markets and merchant services, evidenced by reports that Dinari Launches First Tokenized U.S. Stocks for Self-Custody Trading via USDC Partnership and Finassets.io Launches USDC on Solana to Slash Crypto Payment Costs for Merchants.

What this means

This announcement signals a shift in how stablecoins are positioned within the B2B sector, moving from speculative assets to core treasury infrastructure. By integrating MiCA-regulated originators like Fipto directly into its network, Circle is challenging the dominance of the SWIFT-based correspondent banking model in high-growth corridors. The ability to settle in minutes rather than days puts significant pressure on traditional banks that still rely on opaque fee structures and slow settlement times. For the wider industry, the success of this model raises a critical question: will the "regulated stablecoin rail" eventually become the default path for all non-G7 currency pairs, leaving legacy systems to handle only the most conservative institutional flows?