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Circle Launches Stablecoin-Powered Network to Streamline Cross-Border Payments
Circle Launches Stablecoin-Powered Network to Streamline Cross-Border Payments
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Circle has introduced a new payment network leveraging stablecoin technology to address inefficiencies in global money transfers. The system aims to significantly reduce transaction costs and processing times for international payments by utilizing dollar-pegged digital currencies. This infrastructure enables near-instant settlement across borders while maintaining regulatory compliance, offering businesses and financial institutions an alternative to traditional correspondent banking systems. The network supports multiple stablecoins including Circle’s own USDC, providing interoperability between different blockchain ecosystems and fiat currencies.
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