(18 April 2025 – United States) Circle is launching a new payments and remittance network targeting Banks, Fintechs, payment service providers, remittance providers and USDC stablecoin strategic partners.
New and emerging regulatory settings are hastening uptake of stablecoins where Circle competes closely with key rival Tether.
Stablecoins are rapidly reaching “critical mass” for when the technology could viably disrupt global cross border payments in a way compared to WhatsApp’s transformative impact on international calls.
“Circle is launching a payments network that is initially targeting remittances but is ultimately aiming to rival Mastercard and Visa” a spokesperson familiar with the plans stated to Coin Desk.