Circle Payments Network connects financial institutions to enable faster, lower-cost, and more transparent cross-border payments using USDC, EURC, and other regulated payment stablecoins
NEW YORK–(BUSINESS WIRE)–Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced Circle Payments Network (CPN) to connect financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – and enable real-time settlement of cross-border payments using regulated stablecoins. CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a globally connected payments network.
Despite improvements, cross-border payments can still take longer than one business day to settle and cost more than 6%, according to the World Bank, disproportionately impacting emerging markets and limiting their global competitiveness. Delays are driven by multiple intermediaries, compliance checks, local market cut-off times, and fragmented operating hours across jurisdictions.
