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.
The cross-border money transfer revolution
CPN is designed to replace the cumbersome current international money transfer system, which has been criticized as outdated, expensive, and slow. This network allows for:
Instant transactions with USDC or EURC
Available 24/7, no banking hours restrictions
Supports various use cases such as: bill payments, payroll, remittances, treasury services, payments to partners...
The special point is that CPN is not exclusively for individual users but focuses on financial organizations, banks, and service providers – the important links in the current financial system.
Over 20 partners have joined
Circle revealed that over 20 initial organizations have joined CPN, including:
dLocal
WorldRemit
BVNK
Yellow Card
Coins.ph
Most of these entities operate in emerging markets, where the demand for cross-border remittances is extremely high. This is Circle's clear strategy to reach areas where SWIFT or traditional banking systems have not responded well.
Ambition to shape the future of finance
Not stopping at being a stablecoin issuer, Circle is gradually becoming the core infrastructure platform for global finance, an ambition typically seen only in organizations hundreds of years old.
Circle's message is clear:
“We are not just building a stablecoin. We are building modern infrastructure for global payments.”
The company has also hinted that 'leading banks' are supporting the development of CPN – likely involving advisors like Deutsche Bank and Standard Chartered, two giants in the international banking sector.
The US crypto market is 'reopening'
Launching CPN at the right time as the Trump administration is reinstated and the SEC is reforming its stance on crypto, #Circle is clearly seizing the opportunity. Recently, the SEC confirmed that stablecoins like USDC and USDT are not considered securities, ending a period of uncertainty and prolonged legal risk.
This not only helps strengthen confidence in stablecoins but also paves the way for companies like Circle to thrive right in their home market – a difficult prospect under the previous SEC management.
Circle files for IPO: Timing couldn't be better
Immediately after the regulatory environment became clearer, Circle promptly filed an IPO application with the SEC, marking a strategic move to scale operations, raise public capital, and strengthen its market position.
This filing shows that Circle is confident in its business model, competitive advantages, and increasingly important role in the global crypto ecosystem.
Will CPN replace SWIFT?
Although no fintech company has truly replaced SWIFT – a system that has dominated international money transfers for over 40 years – CPN has a significant advantage: the speed and availability of blockchain, along with increasingly clear legal backing from the US.
If widely accepted, Circle could become a global real-time money transfer bridge, bringing traditional organizations into the blockchain payment era.
A perspective from the crypto market
The launch of CPN is not just news about financial technology, but also directly impacts the crypto market, especially the stablecoin ecosystem and DeFi solutions that are increasingly integrating with traditional finance.
Binance users can closely monitor projects related to payment infrastructure like Circle, as these improvements could enhance liquidity and reduce transaction costs across the market. If products like #CPN succeed, DeFi protocols and exchanges will benefit from larger and faster cash flows across sectors and asset types.
Conclusion:
The launch of CPN shows that Circle not only wants to be a 'stablecoin company', but aims to become the core infrastructure layer of the new global finance – where every transaction can happen 'at the speed of the internet'. The backing from major financial institutions and the improved regulatory environment in the US is creating the groundwork for Circle to realize this ambition.
Risk warning:
Investing in the cryptocurrency market always carries high risks and is not suitable for everyone. Users need to thoroughly research information, assess their risk tolerance, and proceed with caution when participating in blockchain or crypto projects.