Circle is launching a new product, CPN Custodial Pay, allowing financial institutions to join and operate on CPN.

April 9 (Circle Official Release) — Circle today announced the launch of **CPN Managed Payments**, a new solution tailored to simplify stablecoin and fiat payment flows for global financial institutions. As Circle expands its stablecoin payment offerings and sees rapid growth on its **Circle Payments Network (CPN)**, the company has identified a critical unmet need: Banks, payment service providers (PSPs), fintech firms, and large tech companies want to execute fiat-to-fiat and fiat-to-stablecoin transactions without taking on burdensome overhead. Specifically, they seek to avoid: - Building/operating their own crypto wallets or blockchain infrastructure; - Directly managing digital assets or stablecoins (including minting, custody, and related tasks); - Assuming standalone licensing and compliance requirements for stablecoin/blockchain payments. With CPN Managed Payments, financial institutions can join and operate on the CPN while Circle handles end-to-end transaction execution. The solution leverages Circle’s decade-plus experience building and running the world’s most widely adopted, compliant, and regulated digital currency payment infrastructure. This launch will significantly expand Circle’s CPN product portfolio and is expected to accelerate adoption of the network by global financial institutions. Note: CPN stands for Circle Payments Network.