Gate News Report, March 7 — Circle CEO Jeremy Allaire announced on X platform that the company recently used USDC and Circle Mint to settle approximately $68 million across eight of its entities. The entire process took less than 30 minutes and operated 24/7. This method replaces the traditional wire transfer process, which usually takes 1-3 days, while still maintaining full control and auditability. Allaire stated that as Circle Mint continues to be updated, this real-time stablecoin-based corporate settlement method is expected to be available to more companies in the future. Currently, about 90% of the company’s transfer pricing settlements can be completed within a day.
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