Circle, the company behind the $60 billion USDC stablecoin, is set to launch a new payments and cross-border remittance network from its headquarters at One World Trade Center. The event will cater to banks, fintechs, and payment service providers, with CEO Jeremy Allaire discussing the future of payments. Amid evolving global regulations, Circle aims to solidify its position in the payments industry, with aspirations to compete against major players like Mastercard and Visa, leveraging the growing adoption of stablecoins.
Circle is launching a payments network that is initially targeting remittances but is ultimately aiming to rival Mastercard and Visa.
New and incipient regulations around the globe are opening up the stablecoin space, where Circle has shared the limelight with larger rival Tether.
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