KEY TAKEAWAYS
- Kima introduces a seamless conversion from SEPA bank transfers in euros to Circle’s EURC stablecoin, enhancing interoperability between traditional finance and blockchain.
- The decentralized settlement protocol by Kima allows direct interaction between Web2 banking APIs and blockchain assets, eliminating the need for intermediaries.
- Kima’s asset-agnostic architecture supports various financial instruments, offering a regulatory-grade settlement infrastructure on-chain.
Kima has announced a significant advancement in the interoperability between blockchain and traditional finance. Users can now convert SEPA bank transfers in euros (EUR) directly into EURC, Circle’s euro-backed stablecoin. This development marks a milestone for Kima and sets a new standard for bridging traditional banking infrastructure with on-chain finance.
The launch is notable for its underlying technology. Kima’s decentralized settlement protocol has created a seamless interface between Web2 banking APIs and blockchain-based digital assets. This system allows users to initiate a standard bank transfer and receive a stablecoin on-chain with atomic finality. The integration highlights Kima’s innovation: enabling a blockchain protocol to natively interact with traditional financial APIs without the need for wrapped assets, custodians, or middleware orchestration layers.
Although the current focus is on EUR to EURC conversion, the implications are broader. Kima’s settlement architecture is asset-agnostic, supporting a wide range of financial instruments. For end-users, the process is as familiar as a routine bank transfer. However, the protocol delivers regulatory-grade settlement infrastructure natively on-chain, positioning Kima as a viable candidate for future integrations with financial institutions, payment providers, and public financial systems.
Kima’s new EUR to EURC on-ramp serves as a proof of concept for modern finance. This launch bridges the gap between Web2 and Web3 in a practical, compliant, and scalable manner. As stablecoins and tokenized assets continue to evolve, Kima is positioned to serve as the settlement backbone connecting banks, wallets, and ecosystems globally. More details about this development can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Kima has introduced a direct conversion system from SEPA bank transfers in euros to EURC, Circle’s euro-backed stablecoin, enhancing the interoperability between blockchain and traditional finance.
Recent industry reports indicate a growing trend of integrating blockchain with traditional finance systems, particularly through the use of stablecoins and tokenized real-world assets. This aligns with Kima’s development, which bridges traditional banking infrastructure with on-chain finance.
A GetOrbital analysis highlights that while SEPA offers fast and inexpensive payment solutions within Europe, stablecoins like EURC play a crucial role in cross-border and multi-currency transactions, especially in markets outside Europe. This supports Kima’s ability to enhance global payment systems through its blockchain-based settlement protocol.
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