The Circle Payments Network (CPN) announced in April is now live. CPN is purpose-built to unlock the full potential of stablecoins for mainstream cross-border payments—a $190 trillion market that still depends heavily on fragmented, slow, opaque, and manual infrastructure designed in the pre-internet era. CPN delivers a significant software upgrade for global payments—creating value for financial institutions and their business and retail customers, while enabling innovation to flourish. At its core, CPN is a sophisticated compliance-first payments coordination protocol. It enables financial institutions to exchange payment instructions securely and reliably, while settling transactions on open, public blockchains with near-instant finality. CPN was designed to make it easier for financial institutions to move money globally and supports a wide range of payment use cases, including: B2B supplier payments; Cross-border remittances; Treasury and global cash consolidations; Recurring enterprise payments, including subscriptions; Payroll and mass disbursements. Early adopters of CPN include Alfred Pay, which is using the network to enable stablecoin-to-fiat offramps via PIX and SPEI; Tazapay, which is using it to support compliant fiat disbursements into Hong Kong; RedotPay, which is using the network to initiate USDC-based payments into Brazil; and Conduit, which is using it to onramp fiat into USDC in the U.S. and Europe to support B2B flows into Mexico.