Global fintech company Hecto Financial (KOSDAQ 234340) announced on the 13th that it hosted a luncheon with Circle founder and CEO Jeremy Allaire and reaffirmed their solid collaboration. Hecto Financial is the only domestic payments partner in Circle’s global payment network (CPN, Circle Payments Network), which connects financial institutions and fintechs to support automated cross-border settlements using stablecoins such as USDC and EURC. The group also noted Hecto Group’s participation in Circle’s Arc public testnet, a blockchain mainnet dedicated to stablecoins. Hecto Financial and Hecto Innovation are the only domestic companies participating in the payments ecosystem and wallet segments, respectively.
An official from Hecto Financial said that the collaboration would help expand its role as a core infrastructure provider within a stablecoin-centered global payments ecosystem, while accelerating the development of next-generation payment infrastructure to accommodate the digital asset market’s growth and rising demand for AI-agent-based payments. Hecto Financial offers a range of payment services—corporate banking, local-government-specific solutions, payment gateway, and VAN—to public, financial, e-commerce, and platform sectors, and has been broadening into kiosks and global foreign-currency settlement services as it accelerates its entry into the stablecoin market.
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