{"id":27014,"date":"2020-08-07T18:40:43","date_gmt":"2020-08-07T15:40:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27014"},"modified":"2025-08-26T18:11:24","modified_gmt":"2025-08-26T15:11:24","slug":"british-crypto-payments-group-to-enable-usdc-payments","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/british-crypto-payments-group-to-enable-usdc-payments\/","title":{"rendered":"British crypto-payments group to enable USDC payments"},"content":{"rendered":"<p>British payments processor BCB Group has announced a partnership with Circle, the issuer of the USD Coin (USDC), under which it will enable the use of the asset for payments, clearing and custody.<\/p>\n<p>BCB Group counts Coinbase, Kraken, Bitstamp and Galaxy Digital among its clients.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Very excited to announce our new partnership with Circle to answer growing institutional demand for USDC stablecoin payments, clearing &#038; custody<\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/wpWCc0nbx7\">https:\/\/t.co\/wpWCc0nbx7<\/a><a href=\"https:\/\/twitter.com\/circlepay?ref_src=twsrc%5Etfw\">@circlepay<\/a><br \/>\n<a href=\"https:\/\/twitter.com\/hashtag\/USDC?src=hash&#038;ref_src=twsrc%5Etfw\">#USDC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/stablecoins?src=hash&#038;ref_src=twsrc%5Etfw\">#stablecoins<\/a><\/p>\n<p>\u2014 BCB Group (@BCBcrypto) <a href=\"https:\/\/twitter.com\/BCBcrypto\/status\/1291358650603372544?ref_src=twsrc%5Etfw\">August 6, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company said the move would help meet growing institutional demand for USDC and reduce risk through efficient and secure payments solutions.<\/p>\n<blockquote>\n<p>&#8220;In light of the growing institutional demand for stablecoins, the appearance of this critically important piece of infrastructure among BCB&#8217;s clients will lead to a further influx of funds into the digital asset market,&#8221; said Circle CEO Jeremy Allaire.<\/p>\n<\/blockquote>\n<p>BCB Group provides payments in more than 20 fiat currencies and cryptocurrencies, and also offers digital asset custody services. Its subsidiary BCB Payments obtained a payment operation license from the UK Financial Conduct Authority (FCA) in January.<\/p>\n<p>USDC is the second-largest stablecoin by market capitalization. Since the start of the year, the figure has almost tripled, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/usd-coin\" target=\"_blank\" rel=\"noopener noreferrer\">reaching<\/a> $1.09 billion.<\/p>\n<p>Earlier in July, Circle, in partnership with Genesis Global Capital, <a href=\"https:\/\/forklog.com\/en\/news\/circle-and-genesis-to-develop-defi-products-built-on-the-usdc-stablecoin\">began<\/a> to develop DeFi protocols based on USDC.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British BCB Group announced a partnership with Circle, the issuer of the USD Coin (USDC), enabling the asset to be used for payments, clearing and custody.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1156,807,910],"class_list":["post-27014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-institutional-investors-and-whales","tag-stablecoins","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27014"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27014\/revisions"}],"predecessor-version":[{"id":27015,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27014\/revisions\/27015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}