Circle debuts USDC-based remittance platform amid stablecoin growth
Circle launches USDC-powered payment network
Circle, the company behind the $60 billion USDC stablecoin, is launching a new global payments and remittance network aimed at banks, fintechs, and payment service providers.
The initiative was unveiled Tuesday from the company’s headquarters on the 87th floor of One World Trade Center in New York City and represents what Circle is calling its “next product move”, СoinDesk informs.
Stablecoins move toward mainstream payments
Circle CEO Jeremy Allaire presented the new offering as a strategic pivot that reaffirms the firm’s origins in the payment space while expanding the use of blockchain-based stablecoins in global financial infrastructure. According to a source familiar with the project, the network aims to rival traditional giants such as Mastercard and Visa by offering faster, more efficient cross-border transfers.
Circle’s new network is being positioned as a tool for remittance and payment providers to streamline transactions using USDC. In recent years, stablecoins like USDC and rival USDT have gained traction in global money transfers, with billions moved through platforms powered by blockchain.
According to venture firm Andreessen Horowitz, stablecoins have reached a level of adoption that mirrors the disruption once caused by platforms like WhatsApp in the international calling space.
Fireblocks, a digital asset custody provider, has also noted the increasing role of stablecoins in cross-border payments among financial service firms — further validating Circle’s strategy.
Circle’s broader vision and market positioning
The launch comes at a time when regulatory clarity is expanding around stablecoins globally. With increased scrutiny and potential licensing opportunities on the horizon, Circle is moving to consolidate its leadership by offering enterprise-grade solutions.
Despite recently postponing its IPO due to unstable market conditions, Circle’s new product direction suggests confidence in stablecoin-based infrastructure becoming a critical component of next-generation payments.
Recently we wrote, that Stablecoin users grow over 50% in one year.
