Banking Circle Powers OSL Stablecoin Payments Across Six Currencies

Banking Circle S.A., a Luxembourg-licensed bank, has expanded its collaboration with OSL Group (HKEX: 863), a global stablecoin payment and trading platform. The partnership now supports OSL's business solutions across six currencies, AUD, EUR, GBP, HKD, SGD, and USD.

Under the agreement, Banking Circle will supply OSL with infrastructure to streamline fiat settlement, crypto conversion, and liquidity management across its platforms. This includes using Banking Circle's 24/7 instant payment network BC-Now, which enables institutional clients to receive, convert, and settle funds 365 days a year through a single platform.

The expansion comes as clearer digital-asset rules, such as MiCAR in Europe and the GENIUS Act in the United States, push institutions toward regulated payment rails. OSL's European subsidiary, OSL EU, was recently authorized as a Crypto-Asset Service Provider by Austria's Financial Market Authority under MiCAR.

According to Eugene Cheung, OSL's chief commercial officer, 'the next phase of digital-asset adoption will be driven by real-world payment use cases,' as businesses move seamlessly between fiat and stablecoins. Kirit Bhatia, Banking Circle's chief digital assets officer, added that the expansion shows how digital-asset firms are 'moving beyond trading into real payment use cases.'