Circle News
Circle launched a new service Wednesday that allows banks, fintechs, and payment providers to settle transactions using USDC rails without holding the stablecoin themselves. The product is called CPN Managed Payments. It is built on top of Circle's existing Circle Payments Network infrastructure.
Singapore-based cross-border payments firm Thunes is among the first partners on the platform. Thunes Deputy CEO Chloe Mayenobe said the arrangement connects traditional banks, mobile wallets, and digital assets within a single payment flow. Thunes provides cross-border payment infrastructure across multiple markets.
CPN Managed Payments is part of Circle's broader push to expand its network of financial institution partners. Many regulated institutions face internal policies or compliance requirements that prevent them from holding digital assets directly. By managing the stablecoin layer on their behalf, Circle allows those institutions to access blockchain-based settlement without taking on any direct digital asset exposure.
