Innovating the payment network through the Circle Payments Network (CPN)
On June 19, sources reported that Circle's CEO, Jeremy Allaire, posted on platform X about the role of network nodes in CPN. This network not only adds value to all participating members but also enhances global liquidity for stable cryptocurrencies like USDC and EURC.
The potential of the nodes network in creating global value
Each node in Circle's Network acts as a value distribution center, facilitating the seamless conversion and circulation of cryptocurrency. The benefit of this is the creation of an expansive, unrestricted blockchain ecosystem, contributing to building a stronger cryptocurrency market globally.
The superior function of Stablecoin in the Circle ecosystem
Financial institutions can leverage USDC and EURC to conduct cross-border transfers 24/7. There is no need to connect each individual payment gateway; the transaction process occurs seamlessly on the CPN network, enhancing efficiency and minimizing transaction fees. This is a significant step in applying blockchain to optimize payments and legitimizing international remittances.
Source: https://tintucbitcoin.com/ceo-circle-cpn-thuc-day-thanh-khoan-tien-te/
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