Circle announced the launch of a payment network for transactions using stablecoins.

GateUser-f090498e · 2025-04-22T18:52:30+00:00

Circle announced the integration of digital wallets, banks, payment services, and other market participants to enable real-time settlements using regulated stablecoins. Partnering with major institutions, Circle aims to develop infrastructure for on-chain applications and services. Additionally, they have filed for an IPO with the SEC.

GateUser-f090498e

2025-04-22 18:52:30

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The company announced that the network will connect digital wallets, banks, payment services, and other market participants, allowing real-time settlements using regulated stablecoins.

“CPN is the foundational layer for an uninterrupted economy: it allows trusted institutions to instantly transmit payments across borders,” said Circle’s Chief Product and Technology Officer Nikhil Chandhok(.

Banco Santander, Deutsche Bank, Société Générale, and Standard Chartered Bank joined the development of the network. Partners include companies such as Flutterwave, dLocal, FOMO Pay, Coins.ph, Nuvei, Unlimit, and Fireblocks.

Based on CPN, Circle wants to deploy an infrastructure with smart contracts, allowing third parties to develop services and on-chain applications for market operations.

Previously, Circle sent a notification to the U.S. Securities and Exchange Commission )SEC( about conducting its initial public offering on the stock exchange )IPO(.

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