Circle Moves $68M in USDC to Speed Treasury Settlements

• Circle processed $68M in intercompany transfers using USDC across 11 transactions involving eight global entities.

• USDC settlements confirmed in under 30 minutes, replacing traditional bank wires that could take up to three days.

• Faster settlement reduced cash-in-transit exposure and enabled around 90% of transfers to complete within a single day.

Circle disclosed in March 2026 that its treasury team used USDC to process intercompany transfers across its global entities. The company integrated stablecoin settlement through its Mint platform to replace traditional bank wires. In one month, Circle moved more than $68 million across 11 transfers involving eight internal entities.

USDC Integrated Into Treasury Workflows

Circle introduced USDC settlement within its existing intercompany transfer pricing process. The company used its Mint platform to execute transfers as part of its monthly accounting workflow.

According to Circle, treasury staff initiate transfers through Mint in a structure similar to traditional banking portals. Operators verify balances, submit transactions, and apply approval controls.

The system also maintains segregation of duties and produces an auditable transaction trail. Role-based permissions and dual approval requirements remain active during the process. Dan Fishman, Circle’s treasurer, said always-on settlement allows treasury teams to move value at any hour. He added that faster confirmation improves operational agility.

Traditional Rails Create Timing Gaps

Before adopting USDC, intercompany transfers relied on traditional fiat payment rails. These systems typically operate with strict banking windows and settlement cutoffs. As a result, treasury teams often face confirmation delays. Funds may leave one entity before the receiving entity can record them as available.

Tamara Schulz, Circle’s chief accounting officer, said traditional rails introduce timing uncertainty around month-end accounting. She explained that teams often reconcile transactions around unclear settlement timelines.

However, stablecoin settlement removes many of these delays. USDC transactions confirm continuously rather than during limited banking hours.

Faster Close and Reduced Cash in Transit

Circle reported measurable changes after introducing USDC into treasury operations. During one month, the company processed more than $68 million across 11 transaction flows. Those transfers involved eight internal entities and confirmed in under 30 minutes. Approximately 90% of transfer pricing settlements also completed within a single day.

Treasury teams executed more than 26 manual transfer pricing movements during the same period. Previously, similar processes could take one to two days, and sometimes three days. Meanwhile, Circle said the compressed timeline reduced cash-in-transit exposure and shortened the confirmation window for internal settlements.