Catenaa, Friday, April 25, 2025-Circle, the issuer of the USDC stablecoin, has launched a new infrastructure platform aimed at transforming global payments, using digital currencies to deliver instant, 24/7 money transfers across borders.
The Circle Payments Network (CPN) will allow financial institutions to settle transactions in real time using Circle’s USDC and EURC stablecoins. The platform is designed for a range of services, including payroll, remittances, treasury operations, and invoice settlements.
Backed by more than 20 partners—including WorldRemit, dLocal, BVNK, Coins.ph, and Yellow Card—CPN is tailored for high-volume corridors and emerging markets where existing financial rails are often costly and slow.
“We are not just building stablecoins. We are building a modern infrastructure for global payments,” Circle said in a statement on X.
CPN aims to replace legacy systems like SWIFT by offering programmable, always-on, secure digital settlements. Despite previous attempts by fintech firms to revolutionize cross-border payments, Circle believes its integration with traditional banking leaders such as Deutsche Bank and Standard Chartered gives the effort a competitive edge.
The move marks Circle’s strategic shift from being solely a stablecoin issuer to becoming a foundational infrastructure provider for global finance. The initiative coincides with Circle’s recent S-1 filing with the US Securities and Exchange Commission for an IPO, with plans to list under the ticker CRCL.
USDC currently holds a market capitalization of roughly $60 billion, second only to Tether’s USDT in the $231 billion stablecoin market.
