Circle is set to launch a new payments and cross-border remittance product from its headquarters at One World Trade Center. The event will target banks, fintechs, payment service providers, remittance providers, and USDC partners. CEO Jeremy Allaire is expected to outline the company's strategy, aiming to establish a payments network that competes with Mastercard and Visa, initially focusing on remittances. With stablecoins becoming more widely adopted, Circle looks to solidify its position in the payments sector, especially amid new regulatory landscapes. The company recently postponed its IPO due to market uncertainties, underscoring the challenging environment even as the demand for stablecoins like USDC grows, driven by innovative payment solutions. The launch reflects Circle’s commitment to its original roots as a payments company in the evolving landscape of cryptocurrency, highlighting the transformative potential of stablecoins in global money transfers.

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