Crypto

$USDC and Circle Mint Cut Cross-Border Settlement Costs for LuLu Financial Holdings

Guavy AI Editorial Team Published August 26, 2026

Instruments

USDC

LuLu Financial Holdings (LFH) has achieved significant cost savings and efficiency improvements in cross-border settlements by adopting Circle's $USDC stablecoin and Circle Mint. According to LFH, settlement costs have been reduced by 25-30% compared to traditional correspondent-banking channels.

The partnership between LuLuFin and Circle also led to a 40% increase in settlement volume, with beneficiaries receiving credit within one minute of settlement completion.

LuLu Financial Holdings' goal was not to replace the US dollar but to make dollar-denominated liquidity move more flexibly. The company uses Circle Mint to convert US dollars into $USDC on a one-to-one basis, which can then be transferred to partner wallets for use in cross-border settlements.

LuLuFin is now exploring broader use of Circle's wallet infrastructure and evaluating the Cross-Chain Transfer Protocol (CCTP), which enables native $USDC transfers between supported blockchains.

$USDC and Circle Mint Cut Cross-Border Settlement Costs for LuLu Financial Holdings

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