Gate News update, on April 9, this morning Circle officially announced the launch of a new product CPN Managed Payments. This product allows banks, payment service providers (PSPs), fintech companies, and large technology enterprises to operate on Circle Payments Network (CPN, Circle payment network), executing payment flows between fiat and fiat, fiat and stablecoins, without having to build and run wallets and blockchain infrastructure themselves, without directly managing digital assets and stablecoins (such as minting, custody, etc.), and without independently bearing the licensing and compliance requirements needed to make payments using stablecoins and blockchain. Circle will leverage its experience from more than ten years of operating global digital- currency payment infrastructure to handle the aforementioned technical and compliance matters. CPN Managed Payments will significantly expand Circle’s CPN product lineup and accelerate adoption by financial institutions worldwide.
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