An affiliate of Circle Internet Group, Inc. (NYSE:CRCL), a global financial technology firm and the issuer of USDC through its regulated entities, signed a Memorandum of Understanding with LianLian Global, a licensed cross-border payments provider. The collab will explore opportunities in stablecoin-enabled payment infrastructure to support accessible payment solutions for merchants and platforms operating in various global markets.
Yam Ki Chan, Vice President, Asia Pacific of Circle said that this collaboration with LianLian Global reflects their “commitment to advancing open and interoperable financial infrastructure that is built for the needs of the modern economy in Asia and beyond.”
They added that as digital assets and public blockchains become foundational to the future of commerce, they are pleased “to explore how USDC can integrate with LianLian Global’s cross-border solutions for businesses and platforms.”
With operations spanning international trade corridors and expertise in e-commerce payment flows, LianLian Global serves merchants, offering payment services that are said to be tailored for “high-growth sectors and cross-border transactions.”
This collab reflects Circle’s strategy to work with FIs and tech professionals as the “use of stablecoins and digital currencies continues to evolve within financial systems.”
As noted in the update, LianLian Global is an “enterprise in payment finance and services.”
With compliance strength and technological capabilities, LianLian Global has built a financial network to “reach the world and a trade service network to cover the life cycle of merchants.”
Focusing on the needs of cross-border enterprises, LianLian Global, together with eco-partners, has created a “cross-border trade service platform that integrates store opening assistance, funds collection, global acquiring, global payout, Lianlian FX, Lianlian financing service platform, tax refund assistance and other services.”
As mentioned in the announcement, Circle is a financial technology firm that enables businesses “to harness the power of digital currencies and public blockchains for payments, commerce, and financial apps.”
Circle is building one of the world’s stablecoin network, and issues, “through its regulated affiliates, USDC and EURC stablecoins.”
Circle provides a suite of financial and tech services that enable enterprises and developers to “integrate stablecoins and blockchains into their products, services and business operations.”