Circle

The new network will use stablecoins such as USDC and EURC to help financial institutions facilitate global money movement and settlement.

USDC Issuer Circle Debuts Payments Network
Stablecoin firm Circle, issuer of USDC which currently has a market capitalization of roughly $61 billion, has launched “Circle Payments Network (CPN),” a collaborative group of financial institutions that use stablecoins to enable global movement and settlement of funds.
The company announced the network launch on Monday and said more than 20 financial institutions have already signed on. Circle listed companies such as remittance giant World Remit, Nigerian financial services firm Yellow Card, and crypto custody firm Fireblocks, as initial partners. Large banks like Standard Chartered and Deutsche Bank will take on an advisory role, and more companies will be gradually added to the network.
CPN’s goal is to take advantage of the flexibility stablecoins offer to overcome current operational friction in cross-border payments. Circle says CPN will support remittances, invoice payments, treasury services, and payroll.
“Existing cross-border payments can be slow and expensive,” Circle said in an X post. “CPN is designed to bring efficiencies to the payments system. It is not just faster. It is programmable, secure, and always available.”

#binance #wendy #bitcoin #circle $BTC $USDC

Circle launches Circle Payments Network (CPN) – A shift from stablecoin issuance to global financial infrastructure.

Circle, the company behind stablecoins $USDC and #EURC , has just announced a bold initiative: Circle Payments Network (CPN) – a 24/7 cross-border money transfer platform utilizing stablecoins. This is not just a regular payment service, but an effort to reposition itself as an 'infrastructure layer' of the global financial system.

Circle – the company behind the 60 billion USD USDC stablecoin – has just announced a new international payment and money transfer network, marking the next big step in their global expansion strategy.

The launch event took place at the One World Trade Center headquarters (New York), targeting banks, fintechs, payment service providers, and strategic partners of USDC. CEO Jeremy Allaire also directly shared his vision of expanding Circle's role in the payment sector.

Listen, there's some interesting news at the intersection of crypto and classical finance. Do you remember how we once discussed stablecoins - those cryptocurrencies that are rigidly linked to the dollar, euro or another asset? So, Circle, the company behind the USDC stablecoin, has decided to seriously squeeze out such giants as Visa and Mastercard.
Circle already has considerable weight: their USDC stablecoin is the second most popular in the world after Tether's USDT, and it currently has a capitalization of about $ 60 billion. And now they are launching their own international payment network. This will be officially announced on April 22 on the 87th floor of the World Trade Center in New York - sounds impressive, right?
Their goal is ambitious: to make cross-border transfers as fast and cheap as possible, not through SWIFT or banks, but directly using the USDC. At first it will be similar to classic money transfers, and in the future it will be a full—fledged competition for payment giants. The project is designed for banks, fintechs, payment companies and other major market players.
Interestingly, all this is happening against the background of changes in US policy: literally after the inauguration, Trump signed a decree on the development of legal dollar stablecoins. That is, it seems that the government is no longer against it, but on the contrary, it is ready to regulate and support such technologies.
And here's the funny thing: while the United States is opening the way for digital dollar assets, in Europe, on the contrary, they are sounding the alarm. They believe that such stablecoins can transfer money from banks to cryptocurrency solutions. Imagine if, instead of opening a bank account, you just store the USDC in the app — then why do you need a bank at all?
So the market is really booming, and it looks like we are on the verge of major changes in the field of international payments.
Do you think crypto companies like Circle can really squeeze out the old giants like Visa and Mastercard?
#Circle #stablecoin #Stablecoins #USDC

Last week, a series of notable developments occurred in the crypto world, especially with publicly listed companies. From Circle and eToro entering a 'quiet period' simultaneously, Bitcoin miners unexpectedly selling large volumes, to Semler Scientific maneuvering financially through Bitcoin to settle a penalty with the U.S. Department of Justice (DOJ). Below is a detailed summary of what is happening and why all of this is closely related to the crypto market – especially for investors on Binance.