CPN

CPN (Circle Payments Network) is Circle's institutional payment infrastructure layer, purpose-built to enable financial institutions to settle cross-border payments using USDC stablecoins on public blockchains. It abstracts away the need for multiple correspondent banking intermediaries, replacing them with onchain settlement between Originating Financial Institutions (OFIs) and Beneficiary Financial Institutions (BFIs). The network positions itself as a B2B rails provider rather than a consumer product, targeting banks, fintechs, and payment processors seeking faster, cheaper international settlement.