Circle Unveils its Payments Network: Streamlining Global Transactions

Circle Internet Financial, a leader in stablecoin issuance, has launched Circle Payments Network (CPN), a blockchain-powered platform designed to revolutionize global financial transactions. CPN will connect major financial institutions like banks and VASPs by leveraging regulated stablecoins, including USDC and EURC. This move comes as Circle seeks to challenge legacy systems like SWIFT, offering instant and cost-effective cross-border payments through the use of blockchain technology. 8 key partners, including BNY Mellon, Banco Santander, Deutsche Bank, Société Générale, and Standard Chartered Bank, contributed to CPN’s successful launch.