Circle Introduces CPN Network Aiming to Revolutionize Cross-Border Payments by Leveraging USDC

CPN connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – enabling real-time

USD Coin ($USDC) issuer, Circle, has introduced the Circle Payments Network (CPN) with the aim of revolutionizing cross-border payments.

To be released in limited capacity in May 2025, the network, which connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – enables real-time settlement of cross-border payments using regulated stablecoins, according to a press release.

“By leveraging $USDC, $EURC, and other regulated stablecoins, CPN enables seamless connectivity to domestic real-time payment systems worldwide, while upholding the compliance, security, and trust required for financial institutions to meet their regulatory obligations,” said Circle.

CPN will enable a broad spectrum of cross-border money movement use cases for businesses, financial institutions, and individuals – including supplier payments, remittances, payroll, capital markets settlement, internal treasury operations, and onchain financial applications.

“Powered by smart contract infrastructure and modular APIs, the network enables third-party developers to build advanced modules, app services, and automated financial workflows directly on top of CPN. More details about CPN are available in the CPN white paper.

In collaboration with global design partners, CPN will unify disparate payment networks and local currencies, enabling 24/7 real-time settlement using stablecoins.”

Flutterwave, which began a collaboration with Circle and Hedera to settle payments using USDC in 2023, described the CPN as the “world’s largest, most widely-used stablecoin network.”

“This partnership is a major step forward in our mission to simplify global payments for African enterprises and the diaspora.

Through CPN, we have improved our capacity to offer real-time, low-cost, and compliant cross-border payments, helping businesses expand beyond borders with ease,” the company stated.

Stablecoins have emerged as the most popular applications of cryptocurrencies, particularly being instrumental in cross-border transactions that are bottlenecked across the continent.

Despite a broader market downturn in Q1 2025, the stablecoin sector still saw explosive growth in the first quarter of 2025. The total stablecoin supply surged by over $30 billion, reaching new all-time highs, even as the overall crypto market cap fell by 19%.

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