FinClusive Partners With Stellar (XLM) to Enhance Stablecoin Payments Across Institutions
New York-headquartered compliance firm, FinClusive announced a strategic partnership with Stellar USDC on Thursday in a bid to “enable businesses to access and leverage stablecoins instantly while staying compliant.” According to the report, the new alliance will enhance crypto-focused payment innovations while creating confidence among market participants due to compliance checks.
Integrating Stellar USDC gives users (corporations, institutions, banks) a fast, low fee, and convenient channel to complete financial transfers across borders.
Stellar USDC and @FinClusiveCap’s new stablecoin-focused banking partnership will enable businesses to access and leverage digital currency instantly while staying compliant. Together, they're creating solutions to facilitate the future of banking.https://t.co/Y3eJZLvHqo
— Stellar (@StellarOrg) March 3, 2021
FinClusive integrates compliance-as-a-solution (CaaS) to enable financial firms to enhance their financial inclusion products across the globe. The partnership with Stellar to incorporate the second largest stablecoin, USDC, will allow corporations to conveniently and instantly make cross-border payments while staying compliant and minimizing the transaction fees.
“Thanks to USDC, businesses using FinClusive can worry less about enduring prolonged settlement times or fluctuations in the value of their transactions.”
FinClusive selected Stellar USDC over Ethereum’s USDC as the former provides a cheaper platform to transact. Providing low fees and convenience will see the strategic partnership enhance stability and security, accelerating financial inclusion across businesses further.