Arf, Huma to Join Circle Payments Network for Seamless Cross-Border Stablecoin Payments

Core Insights - Arf, a Swiss provider, is joining Circle Payments Network (CPN) to offer on-demand credit for cross-border payments, eliminating the need for prefunding [1][4] - The integration, powered by Huma Finance's PayFi network, aims to enhance the speed and capital efficiency of cross-border stablecoin settlements [2][4] - This partnership addresses the challenge of moving money quickly across borders without locking up capital, a problem also being tackled by Visa [3][5] Company Developments - Arf and Huma's collaboration facilitates same-day USDC settlement, helping institutions free up working capital and reduce costs [4] - USDC, issued by Circle, has a market value of $73.26 billion and operates within regulated frameworks, enhancing its reliability [6] Industry Trends - The adoption of stablecoins in cross-border transactions is increasing, with 90% of financial institutions integrating stablecoins and nearly half using them for payments [7] - Traditional banks are prioritizing cross-border payments, with 58% using stablecoins specifically for international transfers [7] - The overall market for stablecoins is projected to reach $3 trillion by 2028 [7]