Circle Launches Global Payments Network to Challenge Ripple’s Dominance

Circle has launched its global payments network, aiming to revolutionize international money transfer and compete with Ripple’s existing infrastructure. This new initiative, called Circle Payments Network (CPN), features a collaboration with major banks like Standard Chartered, Deutsche Bank, Banco Santander, and Société Générale, alongside Fireblocks for technological support. 2025 saw the official launch of this network designed for real-time value transfer between trusted institutions worldwide. The network focuses on leveraging USDC and EURC stablecoins to facilitate efficient, compliant transactions.