Circle signs MOU with Lianlian Pay on cross-border stablecoin payments.

Circle (the issuer of USDC) signed a memorandum of Mnemonics (MOU) with LianLian Global to jointly research cross-border payment solutions based on stablecoins .

The agreement aims to improve the efficiency, transparency, and accessibility of payments, focusing on the needs of emerging markets such as Asia and global merchant groups.

Circle partners with LianLian Global: what are they doing and where are they targeting?

The two sides will jointly explore cross-border payment solutions based on stablecoins, with a focus on improving efficiency, transparency, and accessibility.

According to an announcement on Circle's official website, Circle has signed a Memorandum of Understanding (MOU) with LianLian Global, a licensed cross-border payment organization. The collaboration focuses on the needs of emerging markets such as Asia and serves global merchants, highlighting the application of stablecoins in international payment flows.

The stated objectives comprise three pillars: efficiency (reducing friction in money transfers), transparency (easier to track), and accessibility (expanding usability). The announcement does not specify a rollout timeline or transaction scale, but clearly defines the scope as cross-border payment scenarios.

Connecting traditional payments with on-chain payments.

Circle and LianLian Global will also consider promoting interoperability between traditional payment systems and on-chain payments.

The proposed approach involves using the Circle Payments Network to support payments, while also XEM an on-chain settlement mechanism via the L1 chain Arc. The focus is on bridging the gap between existing payment infrastructure and the blockchain settlement layer, aiming for a more accessible cross-border payment experience for businesses.