Circle to Launch Global Payments and Cross-Border Remittance Network Using USDC on April 22 Targeting Financial Institutions

Circle, the issuer of USDC, the second-largest stablecoin, is set to launch a global payments and cross-border remittance network on April 22, 2025. The new platform aims to provide an alternative to established payment giants Visa and Mastercard by enabling financial institutions and fintech companies to settle transactions using stablecoins. This initiative positions USDC as a potential leader in digital currency payments and remittances, targeting banks, fintech firms, and payment service providers. The move is seen as a strategic product expansion for Circle, emphasizing the growing role of stablecoins in the global payments landscape and posing competitive challenges to traditional payment networks.

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