{"id":842699,"date":"2025-04-22T09:12:01","date_gmt":"2025-04-22T14:12:01","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/22\/circle-payments-network-unveiled-here-is-what-you-need-to-know\/"},"modified":"2025-04-22T09:12:01","modified_gmt":"2025-04-22T14:12:01","slug":"circle-payments-network-unveiled-here-is-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/22\/circle-payments-network-unveiled-here-is-what-you-need-to-know\/","title":{"rendered":"Circle Payments Network Unveiled: Here is What You Need to Know"},"content":{"rendered":"<div role=\"main\" id=\"main-content-row\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/circle-payments-network-unveiled-here-is-what-you-need-to-know\/\" data-post-title=\"Circle Payments Network Unveiled: Here is What You Need to Know\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=446262&#038;action=edit\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2025\/04\/22161417\/Circle-Payments-Network-Unveiled-Here-is-What-You-Need-to-Know.webp\" alt data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div>\n<ul>\n<li><strong>The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC.<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT.<\/strong><\/li>\n<\/ul>\n<p>Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions. Circle collaborated with BNY, Banco Santander, Deutsche Bank, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, and Standard Chartered Bank to ensure the successful launch of the CPN.<\/p>\n<p>At launch, the CPN already has several working partners in global financial markets led by BCB Group, BVNK, CoinMENA, Coins.ph, Conduit, dLocal, dtcpay, Flutterwave, RedotPay, TazaPay, Transfero Group, Triple-A, Trubit, Unlimit, Yellow Card, Zepz, and Zodia Markets.<\/p>\n<blockquote>\n<p>\u201cSince our founding, Circle\u2019s vision has been to make moving money as simple and efficient as sending an email. CPN is a significant step in making that vision a reality for businesses worldwide,\u201d Jeremy Allaire, CEO of Circle, <a href=\"https:\/\/www.circle.com\/pressroom\/circle-announces-payments-network-to-transform-global-money-movement\">noted<\/a>.<\/p>\n<\/blockquote>\n<h2 id=\"h-market-impact-of-circle-payment-network\">Market Impact of Circle Payment Network<\/h2>\n<p>The strategic launch of the CPN platform will play a crucial role in steering forward Circle\u2019s business amid heightened competition in the stablecoins market. Through offering real-time settlements, the CPN will tap into regulated stablecoins led by the USDC and the EURC, among others.<\/p>\n<blockquote>\n<p>\u201cCircle Payments Network is a foundational layer for the always-on economy \u2014 enabling trusted institutions to move value across borders, instantly. With programmable infrastructure at its core, CPN makes it possible to embed value transfer into modern financial applications in ways that weren\u2019t feasible before,\u201d Nikhil Chandhok, Chief Product and Technology Officer at Circle noted.<\/p>\n<\/blockquote>\n<p>The CPN aims at dethroning the legacy systems like SWIFT in enabling global money transfer. Moreover, the CPN is more cost-efficient as it supports blockchain technology, currently <a href=\"https:\/\/coinpedia.org\/price-prediction\/market-price-prediction-ethereum-2019\/\">Ethereum<\/a> (ETH) and <a href=\"https:\/\/coinpedia.org\/price-analysis\/avalanche-card-unveiled-will-it-spark-bullish-momentum-for-avax\/\">Avalanche<\/a> (AVAX).<\/p>\n<p>In the long haul, the launch of CPN will enable USDC\u2019s market dominance to catch up with Tether USDT. As of this writing, Circle\u2019s USDC had a market cap of about $60.9 billion and a 24-hour average trading volume of about $7.6 billion.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/circle-payments-network-unveiled-here-is-what-you-need-to-know\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT. Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions. Circle collaborated with BNY, Banco<\/p>\n","protected":false},"author":1,"featured_media":842700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29261,4857],"tags":[],"class_list":{"0":"post-842699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-circle","8":"category-payments"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=842699"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/842700"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=842699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=842699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=842699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}