Circle Launches New Payments and Cross-Border Remittance Network
Circle is launching a payments and cross-border remittance network from its New York City headquarters on Tuesday. The event targets banks, fintechs, payment service providers, and USDC partners, featuring CEO Jeremy Allaire discussing Circle's strategy in the payments sector.
- The new network aims to initially focus on remittances.
- Long-term goals include competing with Mastercard and Visa.
- New regulations are expanding the stablecoin market, allowing Circle to strengthen its position as a payments company.
- Stablecoins like USDC could disrupt global money transfers, akin to WhatsApp's impact on international calls.
- Circle recently postponed its IPO due to uncertain market conditions.