Banking Circle, a Luxembourg-based bank, has launched a stablecoin settlement service enabling two-way settlement between fiat currency and stablecoins. This service, announced on April 27, supports instant settlement for USDC, USDG, and EURI, aiming to improve cross-border settlement efficiency using blockchain technology. The launch follows Banking Circle's receipt of a Crypto-Asset Service Provider (CASP) license from Luxembourg's financial regulator, the CSSF, on April 15.