The new network will use stablecoins such as USDC and EURC to help financial institutions facilitate global money movement and settlement.
TL;DR Circle unveiled a new payments network (CPN) that enables near-instant international transfers using stablecoins like USDC and EURC. The system aims to replace traditional processes by eliminating delays and high fees through blockchain technology and 24/7 operation.
Circle, the issuer behind USDC and EURC stablecoins, is launching a new global payments system that will streamline cross-border bank transactions. According to a press release on Apr.
USDC's supply has risen to just under $61 billion as of April 19, up from $44 billion at the start of the year.
The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT. Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions.
USDC's accelerated growth appears increasingly tied to its regulatory clarity and institutional appeal, particularly as Circle advances plans for a potential IPO.
Circle, the FinTech firm behind the $60 billion USDC stablecoin, is reportedly launching a new payments and cross-border remittance network. According to a report Monday (April 21) by CoinDesk, invitations were sent to industry stakeholders for a launch event April 22 at Circle's headquarters in New York featuring a presentation by CEO Jeremy Allaire.
Circle, the firm behind the $60 billion USDC stablecoin, is set to launch a new payments and cross border remittance network Tuesday to rival Mastercard and Visa. CoinDesk's Christine Lee hosts "Chart of the Day.
Handling USDC disputes has always been a tricky part of using stablecoins. Once you send a payment on-chain, there is usually no way to reverse it—no refunds, no chargebacks, and no easy fix if something goes wrong.
Circle introduces a new payments network targeting global remittances.
Binance has announced the launch of its 68th project on the Binance Launchpool, featuring Initia (INIT), an omni-chain rollups network designed to enhance the capabilities of appchains.
Circle, the issuer behind the USDC stablecoin, has officially introduced the Refund Protocol—an advanced smart contract framework developed by Circle Research.
Panama City has joined the growing list of global jurisdictions that accepts crypto payments.
Crypto payments protocol AEON is partnering with Stellar to accelerate the adoption of crypto for payments across Southeast Asia.
A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout.
A launch to $10 looms
The TRUMP token team has sparked fresh controversy by quietly removing $4.6 million in USDC from its liquidity pool ahead of a $320 million token unlock, fueling trader concerns about potential volatility and insider activity. The post Is TRUMP Token About to Crash? Devs Quietly Remove $4.6M USDC From Liquidity Pool appeared first on Cryptonews.
Forget about Bitcoin (BTC -1.98%). Forget about speculative meme coins.
Official Trump (TRUMP) developers drained $4.6M USDC from the liquidity pool, bridging the proceeds to Ethereum.
Digital currencies traded in the red on Wednesday as Bitcoin failed to hold above the key region of $85,000. Amidst the uncertainty, layer1 blockchain Sui Network attained a crucial milestone in its DeFi journey.
Circle will deploy its stablecoin, cross-chain transfer protocol, and wallet on layer 1 blockchain Monad's mainnet when it goes live.
Inquiries about the USDC revenue split between the two companies began in 2023 while Gary Gensler was still head of the SEC, according to correspondence.
Just last week, the FT reported that Tether's considering a US-only stablecoin. Why? Because their current $144 billion-dollar stablecoin USDT may not comply with potential new US regulation (which is still making its way through the relevant checkpoints down in DC).
TL;DR World Liberty Financial (WLFI), the crypto initiative backed by the Trump family, has invested $775,000 in SEI tokens, further expanding its growing altcoin portfolio. Despite current losses across its crypto holdings, WLFI remains focused on diversification. This move comes amid a shifting political and financial climate that is becoming increasingly supportive of digital assets.
They scooped up $775,000 worth of SEI tokens on April 12. That's 4.89 million SEI added to the altcoin-heavy portfolio from WLFI, according to Arkham Intelligence.
World Liberty Financial has triggered a short-lived surge in SEI price after purchasing $775K worth of the token, briefly lifting it 20% before momentum stalled at key resistance.
World Liberty Financial (WLFI), the Trump family-backed crypto project, expanded its altcoin portfolio with a $775,000 purchase of SEI tokens.
On April 12, World Liberty Financial (WLFI), an initiative in the cryptocurrency sector supported by the Trump family, made a new strategic investment, adding 4.89 million SEI tokens to its portfolio. The value of the operation is around 775,000 dollars, according to on-chain data from Arkham Intelligence . The purchase was made through one of the project's trading wallets, funded with USDC transferred from WLFI's main wallet. This same wallet is known to have been used in the past to accumulate a variety of altcoin, consolidating the initiative's diversification strategy.
Trump's World Liberty Financial bought $775K of SEI tokens, expanding its crypto portfolio despite experiencing $145.8M in paper losses across all holdings.
Trump-backed World Liberty Financial (WLF) bought $775K worth of SEI tokens as part of its crypto accumulation strategy.
WLFI, a cryptocurrency initiative backed by the Trump family, has added 4.89 million SEI tokens to its holdings, valued at approximately $775,000. The post Trump-Linked Crypto Project WLFI Adds $775K in SEI Tokens to Its Portfolio appeared first on Cryptonews.
The Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data. Data from blockchain analytics firm Arkham Intelligence shows the purchase was made on April 12 by one of WLFI's trading wallets using USDC transferred from the project's main wallet.
World Liberty Financial, the crypto venture backed by U.S. President Donald Trump's family, purchased $775,000 worth of SEI tokens as its altcoin accumulation strategy keeps going.
Sei price remains under pressure in the past few months and is hovering near its lowest point since November 2023 even as its ecosystem continue doing well. The token was trading at $0.1750, down by over 75% from its highest level in December last year.
Sei (SEI), a fast-growing Layer 1 blockchain focused on optimizing crypto trading and DeFi development, has received significant support from Donald Trump-backed World Liberty Finance (WLFI). After concluding one of the most heavily subscribed token sales in recent history, World Liberty Finance has been engaged in strategic token purchases.
World Liberty Fi, a project linked to US President family, has purchased SEI tokens, worth at least $775,000. The investment has triggered excitement among SEI enthusiasts. Notably, the SEI market has recorded an impressive surge of 7.8% in the last 24 hours. In the last one hour alone, the market has climbed by nearly 3.4%.
Sei Giga introduces the Autobahn consensus mechanism, boosting blockchain throughput by 50x through a multi-proposer model, enhancing scalability and maintaining Byzantine Fault Tolerance.
Explore the differences between Kava USDT and USDT0 on Sei Mainnet, including interoperability, token backing, and best practices for integration.
Solana has seen intense selling pressure from both whales and retail investors over the past month, but analysts still expect a price bounce.
TL;DR On April 8, 2025, the USDC Treasury burned 51 million tokens on the Ethereum network. This move is part of Circle's routine strategy to adjust liquidity and maintain its 1:1 peg to the U.S. dollar. The burn had no negative impact on the market or DeFi ecosystem, reinforcing USDC's strength as a reliable stablecoin.
The cryptocurrency market endured significant declines as liquidations rattled the digital assets landscape. Meanwhile, SEI led the downside, losing 19% in the past 24 hours to explore price levels not witnessed since October 2023. Adverse ecosystem developments following the Filament Finance hack intensified Sei's crash.
Filament, a decentralized exchange built on the Sei blockchain, has been hit by a major self-liquidation exploit. According to the platform's post-hack statement shared on X, attackers took advantage of the platform's order book system to steal around $572,000.
Larry Fink, the billionaire CEO of BlackRock, is now locked in with Donald Trump, sitting inside the president's tight inner circle after years of tension with the Republican party.
The payment solution developed by the leading crypto exchange Binance has made the stablecoin USDC the default currency for its new users. In a post on social media platform X, USDC issuer Circle says that its US-dollar pegged stablecoin is now the preset token on Binance Pay, which also supports over 100 other crypto assets.
Today's edition of the weekly recap covers multiple announcements from the U.S. Securities and Exchange Commission (SEC), Circle's initial public offering and the fallout of President Trump's tariffs.
The past week was a whirlwind of activity in the cryptocurrency world. From Ripple's concerns about the UK's crypto regulation to Circle's renewed public listing ambitions, and the anticipated Bitcoin price surge, there was no shortage of intriguing developments.
Stablecoin issuer USDC may delay going public due to concerns about Donald Trump's trade policies and a potential recession.
The Securities and Exchange Commission (SEC) has officially taken a position on one of the most controversial issues in cryptocurrency regulation.