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LONDON/NEW YORK - Finastra, a financial services software provider, announced Wednesday a strategic collaboration with a subsidiary of Circle Internet Group, Inc. (NYSE:CRCL), currently valued at $34.54 billion, to integrate USDC settlement into cross-border payment flows for banks worldwide. According to InvestingPro data, Circle has shown strong momentum with a 55% stock price gain over the past six months, despite currently trading above its Fair Value.
The partnership will connect Finastra’s Global PAYplus (GPP) platform, which processes over $5 trillion in daily cross-border transactions, to Circle’s payment infrastructure. This integration will allow banks to utilize USDC, a regulated stablecoin, for settlement while maintaining fiat currency payment instructions on both sides of transactions. Circle generated $2.12 billion in revenue over the last twelve months, with analysts expecting continued sales growth this year.
According to the companies, the collaboration aims to reduce banks’ reliance on traditional correspondent banking chains while accelerating settlement times and maintaining compliance and foreign exchange processes.
"This collaboration is about giving banks the tools they need to innovate in cross-border payments without having to build a standalone payment processing infrastructure," said Chris Walters, CEO of Finastra.
Jeremy Allaire, Co-founder, Chairman and CEO of Circle, stated, "Finastra’s reach and expertise in powering the payments infrastructure for leading banks worldwide makes them a natural choice to further expand USDC settlement in cross-border flows."
Finastra serves approximately 8,000 customers globally, including 45 of the world’s top 50 banks across more than 130 countries. Circle is the issuer of USDC and EURC stablecoins through its regulated affiliates.
The announcement was made in a press release statement from the companies. With Circle’s financial health rated as FAIR by InvestingPro, investors can access 12 additional ProTips and a comprehensive Pro Research Report covering Circle’s growth prospects, valuation metrics, and financial outlook through an InvestingPro subscription.
In other recent news, Circle Internet Group reported its first earnings as a public company, revealing a GAAP loss of $4.48 per share for the second quarter of 2025. This loss was mainly attributed to IPO-related stock-based compensation and the fair value marking of convertible securities. Despite the loss, Needham reiterated its Buy rating on Circle Internet Group, citing stronger-than-expected results in USDC on platform and revenue from subscriptions and services. Needham maintains a price target of $250.00. In contrast, JPMorgan raised its price target to $89.00 from $80.00 but kept an Underweight rating, focusing on platform growth.
Circle Internet Group also announced the acquisition of Malachite, a consensus engine developed by Informal Systems, to support its new Arc blockchain network. This high-performance engine will be the foundation for Arc, a Layer-1 blockchain network designed for stablecoin finance, set to launch in testnet later this year. Additionally, Circle priced its public offering at $130.00 per share, offering 2 million shares of Class A common stock, with selling stockholders adding 8 million shares. Mizuho reiterated an Underperform rating with a price target of $84.00, following a notable decline in Circle’s stock.
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