Circle has officially launched the mainnet for the Circle Payments Network.
CPN will become a new blockchain-based system designed to use Stablecoin, USDC (USDC) to promote real-time cross-border payments and settlements.
CPN is built to support inter-company payments, cross-border remittances, enterprise finance operations and payroll payments. With the launch, Circle aims to modernize the $190 trillion global payments industry.
Current CPN participants include Alfred Pay, Tazapay, Conduit and RedotPay, which operates across Latin America and Asia. The circle says this first group has helped open the USDC payment corridor in areas where faster, more transparent financial infrastructure is in high demand.
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Improve your payment infrastructure
This network allows financial institutions to exchange payment instructions via secure blockchain native coordination protocols and resolve transactions instantly with USDC. Through APIs and webhooks, participants gain real-time visibility into transactional and compliance status.
Circle emphasized that CPN is not only fast to pay, but also programmer, transparency and 24/7 availability. The company sees the network as the foundation for a broader transition to a blockchain-based financial system.
The Circle plans to expand its network to more regions including Nigeria, the EU, the UK, Colombia, India, the United Arab Emirates, China, Turkey, the Philippines, Vietnam and Argentina.
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