Circle launches stablecoin settlement solution targeting traditional financial institutions

MarsBitNews · 2026-04-09T02:44:39+00:00

Circle launches Circle Payments Network (CPN), a custodial payment solution that provides stablecoin settlement services for financial institutions, simplifying operational processes and covering scenarios such as cross-border settlements and merchant payments. The initial partners include Thunes and Visa, marking a step forward for stablecoins into mainstream financial infrastructure.

MarsBitNews

2026-04-09 02:44:39

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Mars Finance reported that Circle announced yesterday the launch of Circle Payments Network (CPN) custody payment solution, providing stablecoin settlement services for traditional financial institutions. The offering is aimed at payment service providers, fintech companies, banks, and global enterprises, with its core selling point being simplified operations: participating institutions only need to interact with fiat currencies, while Circle handles all crypto rail operations in the backend, including the minting and burning of USDC, payment routing, compliance, and blockchain infrastructure. Use cases include cross-border settlement, merchants receiving stablecoin payments, high-volume payments, and reducing foreign-exchange costs. The first batch of partners includes Thunes, Worldline, and the payment company Veem. According to Visa and Allium data, USDC’s monthly transaction volume has already surpassed Tether USDT, the stablecoin with the largest market value. This move comes as stablecoins are accelerating toward becoming mainstream financial infrastructure.

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