Building on previous efforts to grow its distribution network, Circle has launched a payments platform that allows payments firms like banks and fintechs to benefit from the speed and efficiency of stablecoins, without needing to hold them.
Dubbed CPN Managed Payments, the platform “abstracts digital asset complexity, enabling partners to interact solely in fiat while Circle manages the entire digital asset lifecycle,” the company said in a statement.
Under the new service, Circle handles minting and burning, settlement and compliance, allowing clients to benefit from blockchain-based payment rails without having to hold any USDC.
“With CPN Managed Payments, we’re simplifying how institutions adopt and scale stablecoin payments,” Circle’s Chief Product and Technology Officer Nikhil Chandhok said in a statement.
The move is part of Circle’s larger effort to grow its distribution network of financial institutions which want to benefit from more efficient cross-border settlements and lower foreign exchange expenses. Circle’s USDC is the world’s second-largest stablecoin behind Tether’s USDT.
“Expanding our partnership with Circle and working with them on Managed Payments allows us to seamlessly bridge traditional banks, mobile wallets, and digital assets,” Thunes Deputy CEO Chloé Mayenobe said. Thunes is a Singapore-based fintech that provides cross-border payment infrastructure.
Circle said that USDC has supported over $70 trillion in “cumulative onchain settlement,” with nearly $12 trillion of that amount coming in Q4 2025.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
