Circle the addition of Automated Clearing House (ACH) payments for USDC dollar-pegged stablecoins to the Circle API, a set of developer tools used to integrate different products and protocols with the USDC stablecoin. US customers use ACH payments to electronically transfer funds between regulated banking institutions, pay bills, and draw from their bank accounts. The new option will coexist alongside other ways to send funds to Circle, such as card payments and wire transfers, and should allow businesses to more easily accept and convert bank transfers into USDC and vice versa-sending USDC to arrive as US dollars in customer bank accounts.

Fintech firm Circle and Coinbase are partners in supporting and managing USDC, a cryptocurrency token pegged 1:1 to the US dollar. Compared to the price volatility of other digital assets like Ethereum or Bitcoin, stablecoins are designed to offer crypto traders a safe-harbor holding akin to cash. But as this announcement shows, Circle wants USDC to be a viable option for USD-denominated payments in general.