Circle Internet Group announced the CPN network on Tuesday. The product is a new infrastructure that enables global border payments through the use of organized Stablecoins such as USDC and EURC.
The company explained in a press statement that CPN is designed to connect banks, new banks, payment providers, virtual asset services, digital portfolios, and provide actual, low -cost, and transparent transactions.
Sirkke believes that the initiative deals with long efficiency in the cross -border payments.
“The company said:
“Since our founding, the vision of Surkel has been earning simple and effective mobile money such as sending an email,” said Jeremy Aller, co -founder, Chairman and CEO of Serkel. “CPN is an important step in making this vision a reality for companies around the world.”
The major banks, including Panco Santander, Deutsche Bank, Société Générale, and Standard Charged, are recommended Circle to design CPN.
““Standard Chartrad is constantly looking for opportunities to make the border payments more efficient, secure and compatible with various regulatory requirements, globally,” commented Michael Spiegel, the global head of transactions at Standard Charterd Bank..
The network, with the support of digital infrastructure companies such as Fireblocks, is expected to provide a set of cases including salary statements, suppliers payments, capital market settlement, and treasury operations.