Circle Launches Global Payment Network Using USDC for Real-Time Cross-Border Settlements

Circle has launched its new global payment network, the Circle Payments Network Mainnet, which utilizes USDC to facilitate real-time cross-border settlements. This groundbreaking initiative marks a significant shift in cross-border payments by offering 24/7 settlement speeds and increased transparency for financial institutions worldwide. The launch promises to revolutionize traditional payment systems and addresses inefficiencies associated with cross-border transactions, leading to reduced costs and faster processing times.