Circle Expected to Venture into Remittances with Global Payment Network

ircle is stepping back into the payments spotlight with a new product targeting cross-border transactions. The company, known for issuing the $60 billion USDC stablecoin, is preparing to roll out a global payments and remittance network. The announcement is expected to take place at its office on the 87th floor of One World Trade Center in New York City.

Good to know

• Circle is launching a payments and remittance network from its One World Trade Center headquarters.
• The product is designed for banks, fintechs, and USDC partners.
• The company is shifting back toward its original focus on payments.

The event is set to bring together key players from the financial industry—banks, fintechs, remittance services, and payment providers. The aim is to introduce Circle’s latest product move and offer a closer look at how it plans to expand its role in digital payments.

Circle CEO Jeremy Allaire will lead the presentation, outlining how the company intends to use its existing infrastructure and USDC to strengthen its position in the payment sector. After years of growth in stablecoins and crypto finance, the company is shifting its focus back to the payments space, where it started.

A person familiar with the plans noted, “Circle is launching a payments network that is initially targeting remittances but is ultimately aiming to rival Mastercard and Visa.”

Circle has spent the past few years establishing USDC as one of the most widely used stablecoins, competing with Tether in the growing market. But with evolving global regulations creating more room for stablecoin-backed financial services, Circle sees an opportunity to broaden its offering.

The company’s upcoming network will leverage USDC to make cross-border payments faster and cheaper. The infrastructure is built to appeal to traditional financial institutions as well as crypto-native businesses, blending speed with regulatory compliance.

The move also aligns with increasing interest from governments and central banks in regulated stablecoin systems. As many of these players look to integrate blockchain technology into everyday financial operations, Circle’s timing looks intentional.