Circle challenges banks' payment systems with new global network

Stablecoin giant Circle is launching a new payment network that connects banks and fintech players for lightning-fast, affordable and secure transfers - powered by blockchain and digital currencies.

April 22, 2025
Finance
stablecoins
Blockchain
Circle challenges banks' payment systems with new global network

Will modernize payments

With Payment Network, Circle, led by CEO Jeremy Allaire (pictured) aims to modernise international payments. The network uses open blockchains and regulated stablecoins to enable banks and payment providers to move money across borders in real time, with lower costs, high security and full compliance with regulations.

Challenging established networks

The new payment network thus challenges traditional payment systems and established networks such as SWIFT, Visa, Mastercard and Ripple by offering real-time settlement and automation directly between institutions, without the need for multiple intermediaries.

More than 20 partners

Circle states that more than 20 companies are already participating as partners in the network. Amongst these are DLocal, WorldRemit, BVNK, Yellow Card and Coins.ph. The company is also working with several banks to ensure its network meets the needs of financial institutions worldwide.

Launch event and white paper

On Tuesday, Circle will host a major launch event in New York, where the network and its functionality will be presented to the industry. At the same time,,, CPN. Aquí puede encontrar landing page for the new network, White Paper and here it is the official press release desde Circle.

“Slow and expensive”

Today's system of international payments is often both slow and costly. Transfers can take several days and involve significant fees. Circle believes that their new payment network can solve several of these challenges by using digital currencies such as USDC and EURC, which are fully reserved stablecoins.

“We are not just building stablecoins, but a modern infrastructure for global payments,” Circle said in its presentation of the network.

This is how CPN works

Circular Payments Network (CPN) is designed to connect banks and payment providers, enabling them to move money in real time -- all day, any day of the year. La rete è basato su tecnologia blockchain e stablecoins, che è possibile trasferire e deposito con valori digitali di un euro.

Circle highlights several advantages of the solution:

  • Real-time settlement: Money can be transferred instantly, regardless of time zones and bank opening hours.
  • Lower costs: Fewer intermediaries and automated processes potentially lead to lower fees.
  • Programmability: It is an integrated solution for various financial services, calls, lavoro and remittances.
  • Security: Circle emphasizes that the network is built with a focus on safety and compliance with regulatory requirements.

Versatile Uses

The Circle Payments Network is not limited to traditional money transfers. According to Circle, the network should also support:

  • Invoice payments
  • Remittances
  • Treasury Services (Liquidity Management)
  • Salaries and payments to contractors

A new standard?

These are some of the points that Circle highlights on its new landing page, which gives an insight into the ambitions and technical standard behind the network.

  • Building on USDC and EURC: CPN uses Circle's own regulated stablecoins, USDC and EURC, as the basis for payments.
  • New standard for global money flow: Circle refers to CPN as a new standard for global money flow, where financial institutions connect to orchestrate cross-border payments.
  • Netwerk bez limite ili deluje: CPN, a regulatory-, s a a a a a a a a a a a a a a a a a a a a a. Transactions can be completed almost instantly, 24/7, which increases capital utilization and reduces the need for upfront financing.
  • Compliance and Security at the Center: All members of the CPN must go through a thorough assessment of licensing, regulatory compliance, risk management and safety. This should ensure that the network maintains a high standard and is safe for all parties.
  • Un integrazione tecnologico fornisce una realtà global: con una singola integrazione tecnica, banchi e prodottori di pagamento gain accesso a un mercato global senza il necessario di connessione individuali con cada giocatore individuali. This greatly simplifies the process and opens up new payment corridors.
  • Programmable and modern infrastructure: CPN is built to be programmable, allowing payments and financial processes to be automated and adapted to different needs. Networking is also featuring new services and integrations from, like Circle-and.

Future developments

‍“By orchestrating stablecoin payments, Circle Payments Network enables payment providers to open new markets and business models faster than ever before,” said Nikhil Chandhok, Chief Product & Technology Officer of Circle.

Cirkel makes it possible for the network to expand with more stablecoins and new features over time, and to serve as a bridge between different blockchain networks for even wider application.

At launch, CPN has over 20 partners from around the world, including BCB Group, BVNK, CoinMena, Coins.ph, Conduit, DLocal, dtcpay, Flutterwave, FOMO Pay, Inswitch, Legend Trading, Nilos, Nuvei, Onafriq, OpenPayd, RD Technologies, RedotPay, TazaPay, Transfero Group, Triple-A, Trubit, Unlimit, Yellow Card Zepz y Zodia MarketCircle collaborar con bancos globales como Banco Santander, Deutsche Bank, Société Générale y Standard Chartered en la architectura de red.

Circle challenges banks' payment systems with new global network

Stablecoin giant Circle is launching a new payment network that connects banks and fintech players for lightning-fast, affordable and secure transfers - powered by blockchain and digital currencies.

April 22, 2025
Finance
stablecoins
Blockchain

Will modernize payments

With Payment Network, Circle, led by CEO Jeremy Allaire (pictured) aims to modernise international payments. The network uses open blockchains and regulated stablecoins to enable banks and payment providers to move money across borders in real time, with lower costs, high security and full compliance with regulations.

Challenging established networks

The new payment network thus challenges traditional payment systems and established networks such as SWIFT, Visa, Mastercard and Ripple by offering real-time settlement and automation directly between institutions, without the need for multiple intermediaries.

More than 20 partners

Circle states that more than 20 companies are already participating as partners in the network. Amongst these are DLocal, WorldRemit, BVNK, Yellow Card and Coins.ph. The company is also working with several banks to ensure its network meets the needs of financial institutions worldwide.

Launch event and white paper

On Tuesday, Circle will host a major launch event in New York, where the network and its functionality will be presented to the industry. At the same time,,, CPN. Aquí puede encontrar landing page for the new network, White Paper and here it is the official press release desde Circle.

“Slow and expensive”

Today's system of international payments is often both slow and costly. Transfers can take several days and involve significant fees. Circle believes that their new payment network can solve several of these challenges by using digital currencies such as USDC and EURC, which are fully reserved stablecoins.

“We are not just building stablecoins, but a modern infrastructure for global payments,” Circle said in its presentation of the network.

This is how CPN works

Circular Payments Network (CPN) is designed to connect banks and payment providers, enabling them to move money in real time -- all day, any day of the year. La rete è basato su tecnologia blockchain e stablecoins, che è possibile trasferire e deposito con valori digitali di un euro.

Circle highlights several advantages of the solution:

  • Real-time settlement: Money can be transferred instantly, regardless of time zones and bank opening hours.
  • Lower costs: Fewer intermediaries and automated processes potentially lead to lower fees.
  • Programmability: It is an integrated solution for various financial services, calls, lavoro and remittances.
  • Security: Circle emphasizes that the network is built with a focus on safety and compliance with regulatory requirements.

Versatile Uses

The Circle Payments Network is not limited to traditional money transfers. According to Circle, the network should also support:

  • Invoice payments
  • Remittances
  • Treasury Services (Liquidity Management)
  • Salaries and payments to contractors

A new standard?

These are some of the points that Circle highlights on its new landing page, which gives an insight into the ambitions and technical standard behind the network.

  • Building on USDC and EURC: CPN uses Circle's own regulated stablecoins, USDC and EURC, as the basis for payments.
  • New standard for global money flow: Circle refers to CPN as a new standard for global money flow, where financial institutions connect to orchestrate cross-border payments.
  • Netwerk bez limite ili deluje: CPN, a regulatory-, s a a a a a a a a a a a a a a a a a a a a a. Transactions can be completed almost instantly, 24/7, which increases capital utilization and reduces the need for upfront financing.
  • Compliance and Security at the Center: All members of the CPN must go through a thorough assessment of licensing, regulatory compliance, risk management and safety. This should ensure that the network maintains a high standard and is safe for all parties.
  • Un integrazione tecnologico fornisce una realtà global: con una singola integrazione tecnica, banchi e prodottori di pagamento gain accesso a un mercato global senza il necessario di connessione individuali con cada giocatore individuali. This greatly simplifies the process and opens up new payment corridors.
  • Programmable and modern infrastructure: CPN is built to be programmable, allowing payments and financial processes to be automated and adapted to different needs. Networking is also featuring new services and integrations from, like Circle-and.

Future developments

‍“By orchestrating stablecoin payments, Circle Payments Network enables payment providers to open new markets and business models faster than ever before,” said Nikhil Chandhok, Chief Product & Technology Officer of Circle.

Cirkel makes it possible for the network to expand with more stablecoins and new features over time, and to serve as a bridge between different blockchain networks for even wider application.

At launch, CPN has over 20 partners from around the world, including BCB Group, BVNK, CoinMena, Coins.ph, Conduit, DLocal, dtcpay, Flutterwave, FOMO Pay, Inswitch, Legend Trading, Nilos, Nuvei, Onafriq, OpenPayd, RD Technologies, RedotPay, TazaPay, Transfero Group, Triple-A, Trubit, Unlimit, Yellow Card Zepz y Zodia MarketCircle collaborar con bancos globales como Banco Santander, Deutsche Bank, Société Générale y Standard Chartered en la architectura de red.

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