Circle Internet Group has announced Circle Payments Network (CPN) Managed Payments, a unified stablecoin settlement solution.
The offering is designed to give payment service providers (PSPs), fintechs, banks, and global enterprises access to regulated digital dollars without having to directly manage digital assets.
CPN Managed Payments clients will be able to interact entirely in fiat with Circle managing the digital asset aspect, including the minting and burning of USDC — the firm’s stablecoin — payment orchestration, compliance controls, and blockchain infrastructure.
According to the firm, institutions will be able to settle cross-border transactions in USDC, power high-volume global payouts, and reduce FX costs and settlement friction, in addition to operating under Circle’s existing regulatory licences.
Circle says the initiative aims to address the “barriers to adoption” that companies face regarding digital assets, including custody, licensing requirements, compliance, and operational risk.
Speaking on the launch, Nikhil Chandhok, chief product and technology officer at Circle, says: “By combining issuance, liquidity, compliance, and programmable infrastructure into a unified solution, we are enabling financial institutions to embed stablecoin settlement into their existing payment stacks with enterprise-grade reliability and operational readiness.”
Chloé Mayenobe, deputy CEO of Thunes, comments: "Expanding our partnership with Circle and working with them on Managed Payments allows us to seamlessly bridge traditional banks, mobile wallets, and digital assets.”
Madalena Cascais Mendes Tome, global head of financial services processing and financial institutions, at Worldline, adds: “Through CPN Managed Payments, we are making it simple for our partners to access blockchain-native settlement while staying fully compliant and within their existing fiat workflows.”
CPN Managed Payments will launch in collaboration with financial institutions and payments companies that are exploring use cases for stablecoin settlement.
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