Circle Payments Network Launches Globally

Circle just flipped the switch on its Circle Payments Network (CPN) mainnet to the ON position. 

That means financial institutions can now move stablecoin value globally with near-instant settlement on public blockchains - no more clunky reliance on decades-old banking rails. 

This is a major, major upgrade for stablecoin-powered cross-border payments because the industry has been stuck dealing with snail-paced intermediaries in a $190 trillion market.

CPN is a compliance-first protocol that merges the best of traditional payments (reliability, standards) with the always-on speed and interoperability of blockchain. USDC has already handled over $28 trillion in on-chain settlement across digital asset markets; with CPN, that settlement muscle extends to everyday financial operations like B2B supply chains, payroll, and cross-border remittances (sorry Western Union).

Payment institutions can enroll as Originating Financial Institutions (OFIs) or Beneficiary Financial Institutions (BFIs) to handle stablecoin inflows or outflows. 

For example, a BFI in Brazil can deliver funds via PIX in local currency, or a BFI in Hong Kong can disburse local HKD. And outside the U.S., businesses often face pricey, slow ways to get USD. CPN’s stablecoin approach eases that friction.

Several early adopters (Alfred Pay, Tazapay, and RedotPay) are already on mainnet. They’ve enabling real-time stablecoin cross-border flows into key markets like Mexico, Brazil, and Hong Kon. They're able to bypass old pre-internet bank tech, slashing costs and delays in the process.

Circle plans to add more financial institutions, bridging new corridors across Nigeria, EU, UAE, Colombia, India, and more in 2025. 

Also See: Worldcoin Raises $135M for Orb Expansion

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