Circle Unveils Its Blockchain Payment Network: A New Challenger for the XRPL?

Circle, known for its popular stablecoins USDC and EURC, has launched its Circle Payments Network (CPN). This blockchain-based system aims to revolutionize real-time cross-border payments for financial institutions. While it promises efficiency and accessibility through 24/7 digital dollar and euro settlements, some believe CPN represents a new challenge to the XRP Ledger’s long-standing position in the blockchain payments landscape.