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By Ian Allison|Edited by Sheldon Reback
Jul 2, 2025, 10:00 a.m.
- The deal makes Ivy one of the first instant bank payment platforms to enable seamless settlement in USDC or EURC.
- Ivy’s API allows crypto firms, PSPs and e-commerce merchants to make instant bank payments and seamlessly convert to stablecoins.
Ivy, a German startup focused on instant payments, said it added access to Circle’s (CIRCL) USDC and EURC stablecoins to its always on-transaction rails.
The Berlin-based fintech’s platform allows crypto firms, payment service providers (PSPs) and e-commerce merchants to instantly make bank payments, settle funds to local collection accounts across Europe in multiple currencies, and seamlessly convert them into stablecoins, according to a Wednesday press release.
STORY CONTINUES BELOW
The deal makes Ivy one of the first platforms offering instant bank payments to enable seamless settlement in USDC, the second-largest dollar stablecoin, and EURC, the largest euro stablecoin, the release said.
Stablecoins, which became a convenient cornerstone of crypto trading partly thanks to the blockchain industry’s tricky relationship with the banking world, are becoming a prominent payment mechanism across the internet. Circle, which this year completed an IPO in the U.S., has turned some of its focus to global payments and remittances with the introduction of the Circle Payments Network (CPN) in April.
“Real-time payment rails and stablecoins belong together,” said Ferdinand Dabitz, CEO and do-founder of Ivy. “Hundreds of merchants are already building on Ivy’s global API for instant bank payments. With native support of Circle’s USDC and EURC, our customers can now instantly mint and burn USDC directly from fiat via a 24/7/365 settlement layer.”
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
