Circle Internet Group (CRCL) integrated with Hecto Financial to expand USDC stablecoin use for regulated, global cross-border payments. The partnership targets faster, more secure international transfers for institutions and enterprises. It focuses specifically on markets like South Korea.
This development follows a significant downturn in Circle's stock. A February 5th report noted the stock reached a new 12-month low. The Hecto collaboration underscores Circle's strategy to embed its technology within the established financial system. This positions USDC as a key infrastructure for modernizing payments.