The network established by Circle, a global financial technology company and stablecoin market leader, connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets globally. It enables real-time settlement of cross-border payments using regulated stablecoins.
“CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a globally connected payments network,” Circle Internet Group said in a statement.