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.
From stablecoins to ambitions to change the global financial system
The new product from #Circle is described as a specialized payment network for international money transfers, with ambitions to become a direct competitor to Visa and Mastercard in the future.
Investors appreciate this move, especially in the context of regulatory clarity for stablecoins gradually emerging globally, opening opportunities for companies like Circle to strengthen their position.
Stablecoins are changing the way the world transfers money
According to experts from Fireblocks and Andreessen Horowitz, stablecoins like $USDC and USDT have become effective tools for cross-border money transfers, similar to how WhatsApp changed the telecommunications industry. Billions of USD are now being transferred daily through financial services using stablecoins.
IPO postponed, but Circle does not stop
Although the plan to list on the US stock exchange is being delayed due to unfavorable market conditions, Circle shows that they continue to innovate and expand, true to their original direction as a digital payment company.
By leveraging blockchain technology and utilizing USDC – one of the largest stablecoins in the market – Circle aims not only to participate but also to redefine how the world pays and transfers money.
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