Circle Internet Group is developing a new global payment network. The company, known for issuing the second-largest stablecoin, aims to facilitate seamless cross-border transfers. However, the project will rely on stablecoins to enable real-time international settlement.

The planned network will connect banks, digital wallet providers, and financial technology firms, allowing instant movement of funds across borders.

Circle aims to improve the efficiency of international payments while reducing associated costs.

There is growing interest in stablecoin infrastructure from both cryptocurrency-focused and traditional financial institutions. Circle's initiative signals the expanding role of digital assets in modernising global finance.

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