Circle and Pockyt partner for USDC payments, launch ‘Web2.5’ wallets

Circle, issuer of the USD Coin stablecoin, has partnered with Pockyt, a global payment platform, to offer USDC-based payment and payment solutions to merchants worldwide.

This collaboration also includes Circle’s programmable wallets, creating a “Web2.5” hybrid approach that bridges traditional financial systems with blockchain-based innovations.

The partnership aims to facilitate cross-border transactions using USDC (USDC), a stablecoin pegged 1:1 to the US dollar and backed by liquid reserves. By integrating USDC, Pockyt enables merchants to benefit from faster and more cost-effective payment methods compared to traditional systems.

Stablecoins such as USDC are becoming increasingly popular in global trade due to their ability to reduce cryptocurrency volatility while maintaining the efficiency of the blockchain. This makes them attractive to both businesses and consumers.

Circle’s wallets

Circle’s programmable wallets strengthen the partnership by providing developers and businesses with the tools to seamlessly manage both digital and fiat assets.

Pockyt offers wallets to make it easier for users to migrate from traditional payment systems to blockchain-based solutions (Web3). This initiative benefits more than one million users by increasing their access to digital financial services.

The system offers merchants lower transaction costs and faster payment times, especially for international payments. Consumers gain a hybrid model that combines the familiarity of traditional systems with the advantages of blockchain innovations.

This partnership underscores a broader trend where stablecoins and blockchain technologies are entering mainstream finance, blending established financial applications with the benefits of decentralized solutions.