Circle launched a network that helps businesses send USDC payments faster using blockchain technology.
The system lets banks and companies move money quickly across borders without using slow manual steps.
Circle plans to expand the network to more countries in 2025 based on clear rules and stablecoin growth.
Circle has officially launched the mainnet of its Circle Payments Network (CPN) to improve global stablecoin transactions using USDC. The network targets the $190 trillion cross-border payments industry, focusing on speed, transparency, and compliance.
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CPN supports real-time settlements using blockchain technology and allows financial institutions to exchange payment instructions securely on-chain.
Faster Cross-Border Settlements Using USDC
The system enables instant transfers using USDC on public blockchains. It builds on existing banking reliability while adding blockchain efficiency. CPN eliminates manual delays common in international transfers.
Participants can act as Originating or Beneficiary Financial Institutions. They may also serve both roles in one payment flow. This flexibility allows CPN to support vendor payments, salary disbursements, operational fund transfers, and recurring business transactions.
Programmable Transactions and Compliance Tools
The platform includes tools to track transaction status via APIs and webhooks. CPN also allows programmable financial flows that follow strict compliance standards. The system reduces reliance on legacy infrastructure and enables efficient, secure operations.
Current cross-border payments face issues like slow processing and high costs. Especially outside the U.S., firms using dollars struggle to access fast payment solutions. CPN addresses this by offering blockchain-based settlements that avoid traditional barriers.
Early Network Participants Span Global Markets
Alfred Pay will support Latin American transactions. It links USDC payments with Brazil’s PIX and Mexico’s SPEI banking networks. In Asia, Tazapay facilitates B2B fiat payments into Hong Kong through the platform.
RedotPay is using the network to grow USDC payment services in Brazil. Conduit also joins as an early participant, easing B2B USDC exchanges into Mexico from the U.S. and Europe. These firms help create reliable paths for fast, compliant stablecoin transfers.
Blockchain Enters Traditional Finance
Since 2018, USDC has powered more than $28 trillion in on-chain transactions. These mostly occurred in digital asset markets. Now, Circle aims to apply that experience to business and commercial payments.
The always-on structure of the network ensures continuous availability. Businesses and institutions can move funds efficiently around the clock. This marks a shift from outdated systems to blockchain-enabled payments.
Expansion Plans Underway for 2025
Circle plans to expand CPN globally by 2025. Target regions include India, Nigeria, the UK, EU, UAE, Colombia, China, Turkey, the Philippines, Vietnam, and Argentina. These expansions depend on digital asset adoption and clear regulatory frameworks.
CPN merges traditional finance with blockchain capabilities, offering a faster and more reliable global payment infrastructure.
