US EditionStablecoin Giant Circle Is Launching a New Payments and Remittance Network
- Fintech company Circle plans to unveil a global network for payments and cross-border remittances on Tuesday from its New York headquarters.
- This launch follows Circle's strategic shift towards expanding its payment infrastructure amid growing regulatory clarity and stablecoin adoption.
- The event, designed for financial institutions, technology-driven payment companies, money transfer operators, and key collaborators involved with USDC, will include remarks from CEO Jeremy Allaire outlining Circle’s strategic vision.
- Circle's USDC stablecoin currently holds a value near $60 billion and the network aims to cut costs and delays by leveraging blockchain technology.
- The new payments network could reshape global transfers by competing with legacy systems like Mastercard and Visa while accelerating the use of stablecoins.
56 Articles
56 Articles
Circle Plans Stablecoin-Powered Cross Border Payments Network
Circle Internet Group Inc., the issuer of the second-largest stablecoin, is launching a payments network designed to allow financial institutions and technology firms to settle cross-border transactions in stablecoins, according to people familiar with the matter who asked not to be identified sharing non-public plans.
Just now, providers such as Wise have established themselves as an alternative to traditional bank transfers in international money transfer, so they have to fight against a new competitor. Can stablecoins services rank them?
The specialist analyzes the imminent stock market debut of Circle, a USDC issuing company, and reveals its real margins, regulatory risks and competition with banks. Read more
[Digital Daily Reporter Park Ki-Rok] Domestic digital finance experts have unanimously called for the government to prepare proactive countermeasures for 'stablecoins'. In particular, if global payments and remittances based on stablecoins become a reality in the near future, questions were raised about how our country will respond to them. The Korea Fintech Industry Association (Chairman Lee Geun-joo, CEO of Hanpass, hereinafter referred to as…
Circle, the issuer of the USD Coin stablecoin (USDC), has announced the launch of Circle Payments Network (CPN), a network that has been set up by the US$C stablecoin issuer, and is launching a payment network to compete with Ripple (XRP) first appeared on ConseilsCrypto.com.
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