Circle has officially launched The Mainnet for its circuit payments network.
CPN will be a new Blockchain -based system designed to facilitate payments and actual border settlements using Stablecoin, USDC (USDC).
CPN is designed to support commercial payments to business, border transfers, closet operations for institutions, and disbursement of salary statements. With the launch, Circle aims to update the $ 190 trillion global payment industry, which it describes as fragmented and slow, According to The company.
Among the current participants in CPN alfred Pay, Tazapay, Conduit and Redotpay – companies operating throughout Latin America and Asia. Serkel says this initial group helps to open USDC in areas with high demand for the fastest and most transparent financial infrastructure.
Improving infrastructure payments
The network enables financial institutions to exchange payment instructions through a secure coordination protocol and a blockchain citizen and immediately settle transactions at USDC. Through applications and webhooks, participants also get a actual time in transactions and compliance.
Circle emphasized that CPN is not only related to the fastest payments, but also programming, transparency, and available 24/7. The company believes that the network is the basis for the broader transition towards Blockchain’s financial systems.
Circle plans to expand the network throughout 2025 to more regions, including Nigeria, the European Union, the United Kingdom, Colombia, India, the UAE, the Purinists, Turkey, the Philippines, Vietnam and Argentina.
