On May 21, 2025, Circle, the company behind USDC Stablinin, announced the launch of its main network (Main Net)De Su Circle Payments Network (CPN).
The initiative is attempting to transform the panorama of Cross-border Payments, a market valued at $190 billion, according to Circle, which remains “fragmented, opaque and slow.” Technology-based CPN network Blockchain,promise Speed up international trading We provide global software to paid banks and suppliers using regulated stub coins such as USDC.
A solution for fragmented systems?
Traditional systems, such as a rapid network of correspondent banks, typically include intermediaries where the liquidation process delays the liquidation process up to a few days and increases costs. It could be over 6% of the transferred valuereleased by the circle team, according to World Bank data. In that context, and according to the company’s announcement behind the USDC, cross-border payments, including remittances with countries, face structural challenges.
Circle Payments Network The Network aims to be the answer to these limitations. It functions as a Blockchain-based coordination protocoltechnology that records transactions in a distributed, transparent digital accounting book.
This protocol allows financial institutions to safely exchange payment instructions and use USDCs to settle actual time transactions. Unlike traditional systems that operate on limited bank schedules, CPNs are always active and designed to operate 24 hours a day, 7 days a week.
How does a CPN network work?
A financial institution, payment service supplier, or digital asset platform is connected to the network as a “original financial institution” (OFI) or “beneficiary” (BFI).
For example, Mexican companies wishing to pay a German supplier can use CPN to convert Mexican weights to USDC via OFI. The network identifies the best route for the transaction, connects to the German BFI, and converts the USDC of the supplier to Euro. This process Eliminate waiting days and related costs To a traditional intermediary.
To carry out these payments, participating financial institutions will “select the preferred cryptocurrency network” and CPN will use inter-circle chain transfer protocols to coordinate transactions between origin and destination chains and destinations by performing liquidation (CCTP version 2).
Initially, Red supports a limited number of networks with expansion plans according to member preferences. However, because CPN’s CCTP protocol works, the white role of CPN does not specify which network is supported. Network compatible with Ethereum Virtual Machine (EVM) All of these same networks can be estimated to be available to institutions interested in CPN.
CPN CPN Use Cases
CPN networks are presented as the right option for a wide range of applications. According to Circle, from companies made to suppliers (B2B), companies made to suppliers (B2B), companies made to sellers (B2B), to government bonds, government bonds, repetitive payments, large payments, and large payments.
Among the first participants of Main Net CPN is Alfred Pay, Tazapay, Conduit and RedotPay, which operate in regions such as Latin America and Asia. These platforms They have opened USDC-based payment corridorsfacilitating trading in high demand for fast and transparent financial solutions.
For example, RedotPay allows cross-border payments from Brazil, while Conduit supports B2B flows from the US and Europe to Mexico. The Circle plans to expand its network throughout 2025, including regions such as Nigeria, the European Union, the UK, Colombia, India, the United Arab Emirates, China, Turkey, the Philippines, Vietnam and Argentina.
