Circle Launches Global Payments Network to Challenge Visa and Mastercard

Circle has unveiled a new payment network designed to disrupt the global remittance landscape, aiming to compete with industry giants like Visa and Mastercard. The network is poised to leverage USDC’s stable nature for faster and more affordable cross-border transactions. Although Circle hasn’t yet disclosed funding details, they have launched from New York’s One World Trade Center, signaling a major shift in the financial sector.