CPN is a great announcement for the ecosystem overall and will help onboard many users to crypto.
What I find surprising is that $EURC is still not supported by @circle's CTTP, so there's no interoperability or redemptions between EURC on @ethereum, @base and @solana. This seems to be more of a business decision from Circle's leadership than a technical one.
The effect is that as a user, you need to use another bridge provider that charges extra fees and fractionalizes the stablecoin so you end up with 2 representations of EURC, which sucks.
Announcing Circle Payments Network!
A streamlined way for financial institutions to connect, orchestrating global money movement, powered by stablecoins like USDC and EURC for 24/7 real-time settlement.
Existing cross-border payments can be slow and expensive.
CPN is designed to bring efficiencies to the payments system.
With CPN, banks and payment providers can move money at internet-speed using fully reserved digital dollars and euros.
It is not just faster.
It is programmable, secure, and always available.
CPN will support:
✅ Invoice payments
✅ Remittances
✅ Treasury services
✅ Payroll & contractor payouts
Leading banks are contributing their deep expertise in global payments to design a network that meets the needs of banks worldwide.
The global network is already taking shape, with over 20 design partners, including @dLocalpayments, @WorldRemit, @BVNKFinance, @yellowcard_app, @coinsph and more.
We are not just building stablecoins.
We are building a modern infrastructure for global payments.
Learn more:
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