Banking Circle has expanded its work with OSL Group, a stablecoin payments and trading platform, by adding payment rails for five more currencies on top of their existing euro business. The new channels cover the Australian dollar, British pound, Hong Kong dollar, Singapore dollar and U.S. dollar. According to the announcement, the move is intended to help OSL reach new B2B markets.
Banking Circle will also provide infrastructure support across OSL’s business platforms, with the partnership aimed at simplifying fiat settlement, digital asset conversion and liquidity management. Through BC-Now, Banking Circle’s always-on instant payment network, OSL said it will offer institutional clients a one-stop compliant platform for collecting, converting and settling funds globally on a 24/7 basis, without having to connect to multiple banks across different jurisdictions.
OSL Group Chief Commercial Officer Eugene Cheung said the next phase of digital asset adoption will be driven by real payment use cases, adding that businesses want the flexibility to move between fiat and stablecoins and therefore need regulated, scalable and internationally connected infrastructure.
Banking Circle has deepened its partnership with OSL Group, a stablecoin payments and trading platform, by adding five new currency payment rails on top of the pair’s existing euro business: the Australian dollar, British pound, Hong Kong dollar, Singapore dollar and U.S. dollar.
The companies said the expanded setup is meant to support OSL’s push into new B2B markets. Banking Circle will provide infrastructure across OSL’s business platforms to simplify fiat settlement, digital asset conversion and liquidity management.
Five more currencies added to the payment network
According to the announcement, OSL will use BC-Now, Banking Circle’s 24/7 instant payment network, to offer institutional clients a one-stop compliant platform for collecting, converting and settling funds globally around the clock. The structure is designed to let clients operate without separately connecting to multiple banks in different jurisdictions.
OSL executive highlights payment use cases
Eugene Cheung, Chief Commercial Officer of OSL Group, said: "The next phase of digital asset adoption will be driven by real payment use cases. Businesses want to move smoothly between fiat and stablecoins, which raises the need for regulated, scalable infrastructure with international connectivity. By deepening our cooperation with Banking Circle, OSL can offer clients services covering more currencies and markets."
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