Circle is developing the Circle Payments Network (CPN), an international payments system leveraging stablecoins to streamline settlements for large corporations. A recently released whitepaper outlines how stablecoins can modernize global payment infrastructure.
The CPN functions as a protocol layer supporting stablecoins like USDC and EURC, with potential for future expansion. Circle intends to provide corporations with cross-border transaction capabilities. The goal is to improve speed, reduce costs, and increase transparency compared to traditional methods. By utilizing blockchain technology, the CPN aims to offer a more efficient and accessible global payment solution.
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