Circle launches CPN custodial payment services to help financial institutions access stablecoin payment networks

Circle officially launched the CPN Managed Payments service, allowing banks, payment service providers (PSP), fintech companies, and large tech enterprises to access fiat-to-fiat and fiat-to-stablecoin payment processes without the need to build their own wallet and blockchain infrastructure.

This service aims to address the core obstacles faced by institutions when accessing stablecoin payments, including digital asset custody, stablecoin minting and management, as well as the application and maintenance of compliance licenses. Through CPN Managed Payments, these processes are unified and handled by Circle, enabling financial institutions to connect directly via API and operate on the CPN network without the need to directly hold or manage digital assets. Circle stated that this launch is a significant expansion of its existing services and will leverage over a decade of experience in compliant digital currency payment infrastructure operations to accelerate the adoption of stablecoin payment solutions by global financial institutions.