Circle has announced a significant milestone for the $USDC stablecoin, and for the future of stablecoin-powered payments.
What began as a concept is now live – with the first transactions already processed on the Circle Payments Network (CPN), it’s officially a reality.
Cross-border payments make up a $190 trillion market – fragmented, opaque, slow, and manual. Settlements take days, capital remains idle, and transparency is limited.
Circle Payments Network changes that.
CPN is a blockchain-powered payment coordination protocol that enables banks and payment providers to securely exchange payment instructions and settle in real time using $USDC on public blockchains.
It’s not just faster. It’s programmable. Transparent. Always-on.
CPN supports:
B2B supplier payments Cross-border remittances Treasury and cash consolidation Recurring enterprise payments Payroll and mass disbursements
With APIs and webhooks, institutions get full visibility into transaction and compliance status.
Mainnet participants include:
Alfred – provides payments infrastructure in Latin America, with strong capabilities in Brazil and Mexico.
TazaPay – a cross-border payments platform enabling B2B trade across Asia by streamlining global collections, invoicing, and local currency payouts.
ConduitPay – a global B2B cross-border payments platform that enables businesses to use local payment methods to send global payouts directly into bank accounts in the US, China, Latin America, Africa, and beyond.
RedotPay – a digital wallet and cross-border payment platform with a vision to support payment infrastructure in emerging markets.
opening stablecoin payment corridors across Latin America and Asia.
Thank you to our Circle Payments Network Mainnet participants.@alfredlatam @tazapay @ConduitPay @RedotPay
We are opening stablecoin payment corridors together. pic.twitter.com/kynrnKNg9f
— Circle (@circle) May 21, 2025
This is what happens when blockchain-native rails meet institutional-grade infrastructure.
The launch of CPN marks the beginning of a new era in digital payments.
In 2025, Circle is exploring access expansion to additional regions including:
Nigeria
The European Union
The United Kingdom
Colombia
India
The UAE
China
Turkey
The Philippines
Vietnam, and
Argentina
STABLECOINS | The Nigeria Stablecoin Boom – $USDT Adoption Surges as Crypto Landscape Evolves
The data shows that the USDT/NGN pair is now among the most actively traded pairs on centralized exchanges in Nigeria, overtaking #Bitcoin.https://t.co/EVCwJk98qz @Tether_to pic.twitter.com/RAggRIUsMh
— BitKE (@BitcoinKE) May 6, 2025
Recall that in April 2025, as reported by BitKE, Circle introduced the Circle Payments Network (CPN), a blockchain-based platform, to transform cross-border payments by connecting financial institutions such as banks, neo-banks, and fintechs to facilitate real-time settlements using regulated stablecoins like USDC and EURC.
Notably, CPN has garnered significant interest from African fintechs, with 28 leading companies partnering with Circle to integrate the network into their operations. Flutterwave, in particular, highlighted the partnership as a major step forward in simplifying global payments for African enterprises and the diaspora, enhancing their capacity to offer real-time, low-cost, and compliant cross-border payments.
LIST | Here Are the 28 Leading African Fintechs Partnering with @circle in New Stablecoin Network
Stablecoins have emerged as the most popular applications of cryptocurrencies, particularly being instrumental in cross-border transactions in Africahttps://t.co/wQSWMTIq5Y $USDC pic.twitter.com/K3be1lMu7d
— BitKE (@BitcoinKE) April 25, 2025
BitKE has consistently reported on the growing adoption of stablecoins in Africa, especially for cross-border transactions, and positions CPN as a significant development in the continent’s financial landscape.
According to Circle:
“We’re just getting started.”
Explore what CPN unlocks: circle.com/blog/circle-payments-network-cpn-mainnet-is-here-advancing-mainstream-stablecoin-payments-globally Read the CPN Whitepaper: circle.com/cpn-whitepaper
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