Circle Launches CPN Using USDC and EURC for Cross-Border Payments, Set for May 2025

Circle, the issuer of the USDC stablecoin, has launched the Circle Payments Network (CPN), a new platform designed to facilitate real-time, low-cost cross-border payments using stablecoins such as USDC and EURC. The network aims to connect financial institutions, including banks, fintech companies, payment service providers, and digital wallets, to streamline global money movement with 24/7 settlement capabilities.

The initiative targets various use cases including invoice payments, remittances, treasury services, payroll, and contractor payouts. CPN is set to launch in a limited capacity in May 2025, with over 20 design partners already participating, such as dLocal, WorldRemit, BVNK, Yellow Card, and Coins.ph. Major global banks like Standard Chartered, Deutsche Bank, Société Générale, and Santander are collaborating to guide CPN's development, alongside infrastructure providers like Fireblocks.

Circle's move into payment infrastructure positions the company as a competitor to traditional payment networks like Visa and Mastercard, and aims to address the inefficiencies of existing cross-border payment systems. The launch event took place at Circle's headquarters on the 87th Floor of One World Trade Center in New York City.

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