.jpg){kind=avatar}
Designed to facilitate the use of stablecoins for mainstream cross-border payments, this network and coordination protocol enables financial institutions to exchange payment instructions and settling transactions on open, public blockchains. CPN supports B2B supplier payments, cross-border remittances, treasury and global cash consolidations, recurring enterprise payments, and payroll and mass disbursements.
“The launch of CPN represents a leap forward for global payments infrastructure toward an architecture where interoperability, compliance, speed and cost-efficiency are emphasized,” Circle said in the post. “We are just getting started. As more institutions integrate with CPN, we look forward to powering new use cases, andadvancing this new standard for global value exchange.”
