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May 30, 2026
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Circle settles $68M in intercompany transactions using USDC in under 30 minutes

Core Scientific sells $175 million in bitcoin as AI pivot accelerates

Circle has successfully implemented its own platform to facilitate inter-company settlements, processing $68 million across eight entities in under 30 minutes using USDC and Circle Mint. This marks a significant shift from traditional fiat wires, which typically take 1-3 days, by enabling near-instant, 24/7 transaction settlements while maintaining robust controls and auditability. This innovation showcases Circle’s ambition to redefine treasury workflows, as the integration of USDC is designed to streamline accounting processes and eliminate cash-in-transit delays, further establishing Circle’s platform as a key component of the emerging internet financial system. Enhanced features of Circle Mint, set to roll out in March 2026, will further optimize multi-entity operations, ensuring that treasury teams can operate with greater agility and confidence.

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