Circle launches stablecoin settlement solution, targeting traditional financial institutions.

Huoxun Finance reports that Circle yesterday announced the launch of its Circle Payments Network (CPN) custodial payment solution, providing stablecoin settlement services for traditional financial institutions. Targeting payment service providers, fintech companies, banks, and global enterprises, the solution's core selling point is simplified operation—participating institutions only need to interact in fiat currency, while Circle handles all cryptographic operations, including USDC minting and burning, payment scheduling, compliance, and blockchain infrastructure development. Applications include cross-border settlements, merchant stablecoin payments, bulk payments, and reduced foreign exchange costs. Initial partners include Thunes, Worldline, and payment company Veem. Currently, USDC's monthly trading volume has surpassed that of Tether (USDT), the largest stablecoin by market capitalization, and this move comes as stablecoins are rapidly becoming mainstream financial infrastructure.