Circle CEO Jeremy Allaire stated that Circle has begun using USDC to settle internal transfers between entities through its Circle Mint platform, replacing traditional bank wire transfers. In its first month, Circle transferred over $68 million between eight entities in 11 transactions, with approximately 90% of internal transfer pricing activities completed within one day, compared to the typical 1-3 days required for traditional bank wire transfers. The platform supports role-based permission approval processes and generates transaction reports that meet bank reconciliation standards, facilitating the accounting team's reconciliation of on-chain transfers with internal ledgers and external accounting systems. Circle indicated that Circle Mint will release updates in March for multi-entity fund management, including optimized inter-account transfers and API functionality for integration with accounting systems such as Oracle.