Stablecoin Giant Circle Is Launching a New Payments and Remittance Network

Circle Plans Stablecoin-Powered Cross Border Payments Network

Circle Internet Group Inc., the issuer of the second-largest stablecoin, is launching a payments network designed to allow financial institutions and technology firms to settle cross-border transactions in stablecoins, according to people familiar with the matter who asked not to be identified sharing non-public plans.

Stablecoin Giant Circle Is Launching a New Payments and Remittance Network

Circle is unveiling a new payments and cross border remittance product on Tuesday, from the firm’s One World Trade Center headquarters, according to an invite to the launch event.

Just now, providers such as Wise have established themselves as an alternative to traditional bank transfers in international money transfer, so they have to fight against a new competitor. Can stablecoins services rank them?

The specialist analyzes the imminent stock market debut of Circle, a USDC issuing company, and reveals its real margins, regulatory risks and competition with banks. Read more

[Digital Daily Reporter Park Ki-Rok] Domestic digital finance experts have unanimously called for the government to prepare proactive countermeasures for 'stablecoins'. In particular, if global payments and remittances based on stablecoins become a reality in the near future, questions were raised about how our country will respond to them. The Korea Fintech Industry Association (Chairman Lee Geun-joo, CEO of Hanpass, hereinafter referred to as…

Circle, the issuer of the USD Coin stablecoin (USDC), has announced the launch of Circle Payments Network (CPN), a network that has been set up by the US$C stablecoin issuer, and is launching a payment network to compete with Ripple (XRP) first appeared on ConseilsCrypto.com.