Remove Cross-Border Settlement Remove Money Laundering Remove Stablecoins
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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle Internet Group announced the launch of its Circle Payments Network (CPN), a new system designed to connect financial institutions for cross-border payments using regulated stablecoins. Jeremy Allaire Since our founding, Circle’s vision has been to make moving money as simple and efficient as sending an email.

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. Many banks have been hesitant to engage with these businesses, citing concerns over compliance burdens, anti-money laundering (AML) obligations, and the inherent volatility of digital assets. Why is it important?

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Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

Other persistent obstacles include inconsistent anti-money laundering (AML) rules and sanctions regimes across jurisdictions, which generate conflicting alerts and limit the scope for automation. Misaligned operating hours between central infrastructures further complicate matters, trapping liquidity and delaying settlement.