"Circle's CPN Managed Payments platform allows banks and fintechs to process USDC transactions without the complexities of managing digital assets, addressing significant barriers to entry for institutions."
"With over $70 trillion in cumulative onchain settlement, USDC demonstrates substantial institutional demand for stablecoin infrastructure, yet many institutions have hesitated due to custody and operational challenges."
"The platform provides a single integration point for cross-border settlements, merchant stablecoin acceptance, and high-volume global payouts, connecting to more than 20 blockchains and payment rails."
Circle Internet Group introduced CPN Managed Payments, a stablecoin settlement platform for banks and payment service providers. This platform allows institutions to process USDC transactions without the need to hold digital assets. USDC has facilitated over $70 trillion in cumulative onchain settlements, indicating significant institutional interest. The platform integrates with over 20 blockchain networks and domestic payment systems, simplifying cross-border settlements and reducing foreign exchange costs. Circle manages the backend operations, including compliance and payment orchestration, allowing institutions to interact solely in fiat currency.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]