Circle has launched a managed payments and settlement solution built on its Circle Payments Network (CPN), aiming to bridge stablecoin infrastructure with traditional financial institutions.

The product, known as CPN Managed Payments, is designed to help banks, fintechs and enterprises send and settle cross-border transactions using stablecoins such as USDC, with near-instant, 24/7 settlement.

The offering provides an orchestration layer that handles compliance, routing and execution between participating institutions, allowing users to bypass traditional correspondent banking rails that typically require pre-funding and multi-day settlement times.

Circle said the system enables originating financial institutions to convert fiat into stablecoins and transmit them across blockchain networks, where receiving institutions can convert the funds back into local currency for payout to end users.

The launch reflects a broader push to position stablecoins as infrastructure for mainstream finance, with Circle targeting use cases such as treasury management, supplier payments and global payroll.

CPN operates as a permissioned network restricted to regulated entities, with participants required to meet compliance and licensing standards, as the company seeks to align blockchain-based settlement with traditional financial system requirements.

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