Circle and Lianlian Digital are collaborating to explore the field of stablecoin-based payment infrastructure.

Odaily Planet Daily reports that Circle and its subsidiary have signed a Memorandum of Understanding (MOU) with licensed cross-border payment service provider LianLian Global, under which Circle will issue USDC through its regulated entity. The two companies will explore collaboration opportunities in the stablecoin-based payment infrastructure sector. This collaboration will focus on how to enhance global trade through more efficient, transparent, and inclusive payment solutions, specifically including: modernizing payment infrastructure and fund management; improving cost-effectiveness for merchants and platforms and simplifying settlement processes; exploring how the Circle Payments Network can support interoperability between traditional payment channels and blockchain-native infrastructure; identifying opportunities in emerging markets to leverage digital payment solutions to promote greater market access and economic participation; and utilizing Circle's Layer 1 blockchain, Arc, to support future payment use cases within the LianLian Global network.