According to Foresight News, Luxembourg's Banking Circle has launched a stablecoin settlement service, offering bi-directional settlement functionality between fiat and stablecoins. Previously, the bank received a crypto asset service provider (CASP) license from the Luxembourg Financial Supervisory Authority (CSSF) on April 15. This service currently supports instant settlements for USDC, USDG, and EURI, aiming to leverage blockchain technology to enhance the efficiency of cross-border settlements and fund management.