Banking Circle Bolsters Partnership with OSL Group
Banking Circle has expanded its partnership with OSL Group, a global stablecoin payment and trading platform. The collaboration now enables institutional clients to receive, convert, and settle funds in six currencies across five additional currencies beyond EUR.
The supported currencies include the Australian dollar, Great British Pound, Hong Kong dollar, Singapore dollar, US dollar, and Euro. Banking Circle provides OSL with infrastructure for streamlined fiat settlement, crypto conversion, and liquidity management.
This expansion is attributed to increasing institutional adoption driven by clearer regulatory frameworks, such as MiCAR in Europe and the GENIUS Act in the US.
Eugene Cheung, chief commercial officer at OSL Group, emphasizes the importance of regulated infrastructure for seamless transactions between fiat and stablecoins. Kirit Bhatia, chief digital assets officer at Banking Circle, notes that this expansion demonstrates how digital asset firms are moving beyond trading into real payment use cases.
The partnership is expected to strengthen the foundation of OSL's global businesses, enabling clients across more currencies and markets through a single platform.