Circle CEO Unveils USDC Treasury Settlement Milestone Using Circle Mint on March 7

On March 7, Circle CEO Jeremy Allaire disclosed that the company has begun using USDC and its Circle Mint treasury platform to handle internal treasury settlements. Circle recently processed $68 million across eight internal entities in under 30 minutes, replacing traditional fiat bank wires and enabling near-instant, 24/7 fund movements. Within the first month, the system handled over $10 million in internal transfers and completed about 90% of transfer pricing activities in a single day.