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Circle Launches Stablecoin-Powered Cross-Border Payments Network

  • On May 21, 2025, Circle introduced a new blockchain-based payment system designed to facilitate real-time cross-border settlements with USDC, initially connecting markets in Latin America and Asia.
  • Circle developed CPN to address slow, opaque traditional payment systems by leveraging stablecoins and blockchain to transform global money movement.
  • The network supports financial institutions in compliant payments including B2B, payroll, remittances, and treasury functions, with launch partners Alfred Latam and Tazapay focusing on Latin America to Asia.
  • As of launch, USDC’s market cap stands at $60.52 billion with a $1.00 price and $12.14 billion in 24-hour volume, while Circle called CPN a "leap forward for global payments infrastructure."
  • CPN’s launch implies a significant shift in institutional finance with planned expansion to regions like Nigeria and the EU, potentially increasing competition and prompting regulatory discussions.
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Coinfomania broke the news in on Wednesday, May 21, 2025.
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