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).

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 (USD Coin).

The network 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.

Current CPN participants include Alfred Pay, Tazapay, Conduit, and RedotPay — companies that operate across Latin America and Asia. This initial group is helping open USDC payment corridors in regions with high demand for faster and more transparent financial 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.

“We are incredibly excited to announce the launch of the Circle Payments Network mainnet,” said Jeremy Goldman, head of institutional strategy at Circle. “This network is a game-changer for the global payments industry, and we are proud to be leading the way in this new era of faster, more efficient, and transparent financial services.”

He added: “With CPN, we are laying the groundwork for a broader transition toward blockchain-based financial systems that can unlock new possibilities for businesses and consumers alike.”

The CPN is launching with the support of several prominent venture capitalists, including Andreessen Horowitz, Chamath Palihapitiya’s Social+Capital, and crypto hedge fund Polychain Capital.

The network is also being used by several large enterprises for various use cases. For example, payroll provider ADP is using CPN to facilitate payroll disbursements to employees in multiple countries.

The CPN is part of Circle's broader effort to expand the use of USDC and other cryptocurrencies for mainstream financial applications. The company has partnered with several major institutions to integrate USDC into their payment systems.

In addition to USDC, the CPN will support other cryptocurrencies and tokens in the future. The network is designed to be modular and scalable, allowing it to adapt to the evolving needs of the global payments industry.

The launch of the CPN mainnet is a significant milestone for Circle and the broader crypto industry. The network has the potential to revolutionize the way people and businesses pay and get paid around the world.

As part of the launch, CPN has opened applications for new participants interested in joining the network in 2025. The network is currently accepting applications from payment institutions, payment service providers, payroll providers, and other relevant parties.

The CPN is expected to play a key role in the development of the Web3 ecosystem by providing a common platform for interoperable and efficient financial services. It is also anticipated to foster innovation in the payments industry as developers can build new products and services on top of the CPN.

The network is part of Circle's broader vision to create a more open, interoperable, and efficient financial system. The company is committed to working with policymakers, regulators, and industry stakeholders to realize this vision.

The post Circle Launches Mainnet For Its USDC-Based Payments Network appeared first on Benzinga.

Despite the use of crypto in the network's design, CPN is not a cryptocurrency exchange. Rather, it is a payment network designed to connect financial institutions and facilitate seamless cross-border transactions. This aligns with Circle's broader aim to integrate cryptocurrencies into mainstream financial applications.

The CPN is also part of a broader trend in the industry toward faster and more efficient payment systems. Several startups and large institutions are developing new payment technologies to reduce transaction times and costs.

This launch comes as the crypto industry faces increased scrutiny from regulators and a downturn in the market. However, Circle and other industry leaders remain focused on the long-term potential of blockchain and cryptocurrency to transform the global financial system.

The CPN is a modular and scalable network that can adapt to the evolving needs of the global payments industry. It is also designed to be interoperable with other blockchain networks and financial institutions.

With the CPN, Circle aims to build a more inclusive and accessible financial system that serves the needs of all. The company is committed to working with industry stakeholders to create a brighter future for the global economy.

This article originally appeared on Benzinga.com, part of the Benzinga Group, Inc.