Circle Launches USDC-Powered Payment Network for Cross-Border Transactions

Circle has launched a new payment network, Circle Payments Network (CPN), leveraging the USDC stablecoin to facilitate real-time global payments. This innovation promises faster and more transparent cross-border transactions by reducing complexities inherent in traditional finance systems. The network is targeted at international B2B payments with initial focus on Latin America-Asia corridors, with plans to expand across Nigeria, the EU, and the UK by 2025.