Circle has launched the Circle Payments Network (CPN), a new payments platform aimed at enabling 24/7 real-time global money transfers utilizing USDC and EURC stablecoins. This initiative seeks to replace traditional, often slow and costly, cross-border payment systems with a modern, programmable digital settlement solution. CPN is designed to support a variety of applications, including invoice payments, remittances, treasury services, and payroll, backed by over 20 design partners like dLocal and WorldRemit. Circle aims to create a robust infrastructure for global payments, allowing banks and financial institutions to move funds ‘at internet speed’. The CPN launch marks Circle's transition from being a stablecoin issuer to a key player in the financial infrastructure sector, particularly targeting emerging markets and higher remittance flows. With strong institutional engagements and a focus on modernizing outdated banking systems, Circle positions itself as a foundational layer in the global payments ecosystem.

Source 🔗