Circle has launched the Circle Payments Network (CPN) for real-time cross-border settlements utilizing USDC, initially focusing on transactions between Latin America and Asia.
This new payment network aims to challenge traditional processors like Visa and Mastercard by offering faster and cost-efficient alternatives for businesses and remittances.
Circle's CEO, Jeremy Allaire, emphasizes the transformative potential of CPN, which might significantly disrupt the payment processing space with its speed and scalability.
Experts anticipate regulatory discussions and technology innovations as stablecoins become integral to international payments, reshaping the financial landscape.
Full story here: https://coincu.com/338904-circle-stablecoin-cross-border-network
