USDC Drives 30% Lower Settlement Costs as Circle and LuLuFin Scale Global Remittances
TL;DR:
- Operational cost reduction: LuLu Financial Holdings recorded a decrease of between 25% and 30% in its cross-border settlement costs compared to traditional correspondent banking.
- Volume growth: The entity’s total settlement volume increased by 40% following the integration of Circle Mint’s infrastructure and the USDC stablecoin.
- Processing times: The time to credit beneficiary accounts was under one minute once the settlement on the blockchain was completed.
Issuer Circle and conglomerate LuLu Financial Holdings confirmed this Wednesday that USDC reduces settlement costs by up to 30% in their remittance operations within the Middle East and Asia-Pacific corridors.
LuLu Financial Holdings needed cross-border settlement that could move beyond banking hours.
By using USDC and Circle Mint, LuLu Financial Holdings is settling GCC, MENA and APAC remittance flows around the clock.
Today, LuLu Financial Holdings reports 25–30% lower…
- Circle (@circle) August 26, 2026
The model implemented by LuLu Financial Holdings uses the institutional platform Circle Mint to convert funds in US dollars to USDC tokens in a direct one-to-one ratio. These digital assets are sent to associated corporate wallets to supply immediate working liquidity.
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