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Circle launches CPN custodial payment service to help financial institutions access the stablecoin payment network
Deep Tide TechFlow News, on April 09, according to official information, Circle officially launched the CPN Managed Payments service, allowing banks, payment service providers (PSPs), fintech companies, and large technology enterprises to connect to payment flows from fiat to fiat and from fiat to stablecoins without the need to build their own wallets or blockchain infrastructure.
This service is designed to address the core obstacles institutions face when integrating stablecoin payments—including digital asset custody, stablecoin minting and management, and the application and maintenance of compliance licenses. Through CPN Managed Payments, all the above steps are handled centrally by Circle, enabling financial institutions to connect directly via API and operate on the CPN network without directly holding or handling digital assets.
Circle said that this launch represents a major expansion of its existing CPN services. It will leverage more than ten years of experience operating compliant digital-asset payment infrastructure to help global financial institutions accelerate their adoption of stablecoin payment solutions.