Halcyon Settlement Network Adds Six Stablecoin Settlement Corridors for B2B Payments
New corridors connect Europe with markets in Asia-Pacific, the Middle East and Latin America, with fiat in and fiat out and ISO 20022 reconciliation data.
ZURICH — Halcyon Settlement Network today announced six new settlement corridors, extending its stablecoin-based B2B settlement service to connect euro and Swiss franc senders with recipients in Asia-Pacific, the Gulf region and Latin America.
How it works
Customers initiate a payment in fiat through Halcyon's API or a bank-file upload. Halcyon converts the funds into a regulated fiat-backed stablecoin, settles on-chain between its licensed entities or partners, and redeems into local currency for payout over domestic rails at the destination. Senders and recipients never need to hold or manage digital assets, and the payment appears to both as an ordinary transfer with a single status timeline.
Every counterparty wallet in the chain is screened against sanctions lists and on-chain risk indicators before release, and originator and beneficiary information travels with each transfer to satisfy travel-rule obligations in the jurisdictions concerned.
Built for finance teams
Halcyon returns settlement confirmations as ISO 20022-style notifications carrying the customer's original invoice references, so treasury and accounts-payable teams can reconcile automatically. Customers can prefund a stablecoin balance for instant release or use just-in-time conversion.
"Our customers do not want to become crypto experts. They want predictable settlement, fewer intermediaries and data that reconciles," said Halcyon's chief operating officer. "Each new corridor was launched only after local payout partners and licensing were in place."
The new corridors are available to existing customers immediately, subject to onboarding checks, with further corridors planned for later in the year.
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