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Circle has officially launched the mainnet for its Circle Payments Network.
The CPN will be a new blockchain-based system designed to facilitate real-time cross-border payments and settlements using its stablecoin, $USDC ($USDC).
The CPN is built to support business-to-business payments, cross-border remittances, enterprise treasury operations, and payroll disbursements. With the launch, Circle aims to modernize the $190 trillion global payments industry, which it describes as fragmented and slow, according to the company.
Current CPN participants include Alfred Pay, Tazapay, Conduit, and RedotPay — companies that operate across Latin America and Asia. Circle says this initial group is helping open $USDC payment corridors in regions with high demand for faster and more transparent financial infrastructure.
Improved payments infrastructure
The network enables financial institutions to exchange payment instructions via a secure, blockchain-native coordination protocol and settle transactions instantly in $USDC. Through APIs and webhooks, participants also gain real-time visibility into transaction and compliance statuses.
Circle emphasized that CPN is not just about faster payments but also programmability, transparency, and 24/7 availability. The company sees the network as the foundation for a broader transition toward blockchain-based financial systems.
Circle plans to expand the network throughout 2025 to more regions, including Nigeria, the EU, UK, Colombia, India, the UAE, China, Turkey, the Philippines, Vietnam, and Argentina.