Circle Launches Payments Network to Compete with Ripple’s ODL

Circle has launched its own payments network, aiming to challenge Ripple’s On-Demand Liquidity (ODL) platform for institutional clients. The new network, led by CEO Jeremy Allaire, is designed to enhance cross-border transactions for global banks and financial institutions. Partnered with major banks like Standard Chartered and Deutsche Bank, Circle leverages their expertise and trust to deliver real-time, compliant payments using stablecoins such as USDC and EURC. ]