Circle Launches CPN Managed Payments, a Full-Stack Platform for Seamless Stablecoin Settlement

Key Terms

stablecoin financial

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

USDC financial

USDC is a digital token designed to hold the same value as one U.S. dollar, acting like a digital dollar you can use on the internet. Investors care because it provides a quick, low-cost way to move and store value, reduce price swings common in cryptocurrencies, and park cash in trading or payments without converting to traditional bank deposits, though its safety depends on how and where the backing dollars are held.

digital assets technical

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

blockchain infrastructure technical

Blockchain infrastructure is the underlying technology — the networks, software, and data storage — that records and moves digital ownership and transactions in a secure, tamper-resistant way. Like roads and pipes for a city, it determines how fast, cheap and safe digital activity runs; investors watch it because its performance, costs, security and regulatory posture directly affect a project’s usefulness, adoption potential and long‑term value.

onchain technical

"Onchain" describes activities, transactions, or data that happen directly on a blockchain, which is a digital ledger that records information transparently and securely. For investors, onchain activities provide real-time insights into how assets are moving and how networks are functioning, helping them make more informed decisions. Think of it as watching transactions happen live on a public record, similar to seeing a receipt posted online immediately after a purchase.

payment service providers (PSPs) financial

Payment service providers (PSPs) are companies that handle the movement of money between buyers, sellers and banks, bundling services such as card processing, bank transfers, digital wallets and fraud checks into a single platform. For investors, PSPs matter because they enable businesses to accept payments, collect fees and manage transaction risk; like a toll bridge for commerce, their speed, reliability and pricing directly affect sales, customer experience and a company's margins and growth potential.

CPN Managed Payments enables PSPs, fintechs, banks, and global platforms to adopt regulated stablecoin payments without holding or managing digital assets

NEW YORK--(BUSINESS WIRE)-- Circle Internet Group, Inc. (NYSE: CRCL), one of the world’s leading financial platform companies, today announced the launch of Circle Payments Network (CPN) Managed Payments¹. This fully managed, unified stablecoin settlement solution allows payment service providers (PSPs), fintechs, banks, and global enterprises to access the speed and efficiency of regulated digital dollars without managing digital assets directly.

CPN Managed Payments abstracts digital asset complexity, enabling partners to interact solely in fiat while Circle manages the entire digital asset lifecycle, including USDC minting and burning, payment orchestration, compliance controls, and blockchain infrastructure.

CPN Managed Payments enables financial institutions to:

• Settle cross-border transactions using USDC²
• Enable merchant acceptance of stablecoins
• Power high-volume global payouts
• Reduce FX costs and settlement friction
• Operate under Circle’s existing regulatory licenses without direct digital asset exposure

USDC has supported over $70 trillion³ in cumulative onchain settlement, with onchain transaction volume nearing $12 trillion in the fourth quarter of 2025⁴. Despite this scale, many financial institutions face significant barriers to adoption including digital asset custody, licensing requirements, compliance complexity, and operational risk. CPN Managed Payments helps companies overcome these hurdles, accelerating stablecoin integration across the global payments ecosystem.

Unlike self-managed approaches that require building and operating infrastructure internally or relying on multiple third-party components, CPN Managed Payments provides a single integration. This fully managed payment stack is governed by Circle’s operational framework.

Additionally, the platform is built on Circle’s infrastructure, which leverages Circle’s licensing footprint, payouts across over 20 blockchains and domestic payment rails and connectivity to CPN fiat payout corridors worldwide.

CPN Managed Payments is also fully composable. This allows institutions to adopt stablecoin settlement aligned with their current operational and regulatory readiness, and gradually integrate stablecoin infrastructure into their payment stack as they evolve from a managed model toward greater ownership and control.

“With CPN Managed Payments, we’re simplifying how institutions adopt and scale stablecoin payments,” said Nikhil Chandhok, Chief Product and Technology Officer at Circle. “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.”

Global Financial Institutions Supporting the Launch

CPN Managed Payments is launching in collaboration with leading global financial institutions and payments companies - including Veem and other global PSPs - exploring stablecoin settlement use cases.

“Customers expect flexible and transparent payment options,” said Chloé Mayenobe, Deputy CEO of Thunes. “Expanding our partnership with Circle and working with them on Managed Payments allows us to seamlessly bridge traditional banks, mobile wallets, and digital assets. We are creating interoperability at scale, powered by Circle's full stack infrastructure.”

“Our clients need payment infrastructure that embraces innovation while evolving with the market. Worldline has consistently supported emerging rails, and stablecoins are no exception. 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,” said Madalena Cascais Mendes Tome, Global Head of Financial Services Processing and Financial Institutions, at Worldline.


Powering the Next Phase of Global Money Movement

CPN Managed Payments provides a turnkey, fully managed settlement layer for mainstream financial institutions. By removing the need to manage digital asset complexity, Circle accelerates institutional participation in the internet financial system.

Financial institutions interested in learning more about CPN Managed Payments can visit: www.circle.com/cpn/managed-payments

About Circle Internet Group (Circle)
Circle (NYSE: CRCL) is one of the world’s leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle’s platform includes the world’s largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com

¹CPN Managed Payments is provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC (NMLS #1201441) is a licensed provider of money transmission services. Circle Internet Financial, LLC is licensed as a Money Transmitter and to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. A full list of Circle’s licenses can be found at circle.com/legal/licenses
²USDC is issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations at circle.com/legal/licenses.
³ As of March 25, 2026. Retrieved from usdc.com.
⁴Company data as of December 31, 2025.

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press@circle.com

Source: Circle Internet Group, Inc.