US financial platform company Circle Internet Group has launched Circle Payments Network (CPN) Managed Payments, a service aimed at enabling financial institutions to use stablecoins without directly handling digital assets, according to a company statement.
The service allows payment providers, banks and fintechs to settle transactions in USDC while continuing to operate in fiat. Circle manages the underlying processes, including issuance and redemption of the token, payment orchestration, compliance and the supporting blockchain infrastructure.
Single integration model
The setup is positioned as an alternative to building in-house capabilities or combining multiple providers. It offers a single integration into Circle’s infrastructure and operates under the company’s existing regulatory licences.
The service supports use cases such as cross-border payments, merchant acceptance and high-volume payouts. It also aims to reduce FX costs and settlement friction.
“By combining issuance, liquidity, compliance, and programmable infrastructure into a unified solution, we are enabling financial institutions to embed stablecoin settlement into their existing payment stacks,” says Nikhil Chandhok, Chief Product and Technology Officer at Circle.
Early participants
The launch involves a group of financial institutions and payments firms, including Veem, Thunes and Worldline.
“Customers expect flexible and transparent payment options,” says Thunes deputy CEO Chloé Mayenobe, describing the service as a way to connect traditional banking systems with digital assets.
Worldline’s Madalena Cascais Mendes Tome says the setup allows access to blockchain-based settlement “while staying fully compliant and within existing fiat workflows.”
