7/Circle launches CPN network, targeting the global payment market A compliant, seamless, and programmable framework that aggregates financial institutions together, aimed at coordinating global payments through fiat currencies, USDC, and other payment stablecoins. The design of this network aims to overcome the infrastructure barriers faced by stablecoins in mainstream payments, such as unclear compliance requirements, technical complexity, and secure storage issues of digital cash. The first issue to be addressed is the cross-border payment problem, which replaces the traditional slow and expensive payment environment. This track seems to be familiar with Ripple before, but it is not very familiar. At the same time, it provides programmability, which is a good thing and drives the popularization of blockchain. If every country had on chain stablecoins, the situation would be different, and it would actually be pushing more countries to issue compliant stablecoins. https://(x.com)/circle/status/1914411337683480654