Circle, the firm behind the $ 60 billion USDC, launches a new network of cross -border payments and remittances on Tuesday, the “next movement of the product” of the company, from its luxurious headquarters of New York City, at the top of the 87th floor of One World Trade Center.
The launch event is aimed at Banks, Fintechs, Payment Services Suppliers, Remittance Suppliers and Strategic Partners of the USDC. He will tell the CEO of Circle, Jeremy Allaire, sharing his vision for the next movement of the Stablecoin giant within the payment space, according to an invitation seen by Coendesk.
The new and incipient regulations worldwide are opening the Stablecoin space, where Circle has shared the center of attention with a larger rival layer. It makes sense, then, that circle, a company that has turned successfully during its years in the cryptographic space, should seek to consolidate its position and return to its roots as a payment company.
“Circle is launching a network of payments that is initially directed to remittances, but finally intends to rival Mastercard and Visa,” said a person familiar with the plans.
Stablecoins has reached a level of adoption in which technology could interrupt global money transfers similar to WhatsApp and International calls, said Risk capital firm Andreessen Horowitz in the recent report.
In a recent interview, suppliers of technology services of cryptographic custody technology indicated that billions were transferred by payment service providers who do things like cross -border payments using stablecoins such as USDC and USDT.
Circle was in the news more recently, after the firm announced plans to make public in the United States, only to postpone the date of its opi thanks to the conditions of chopped and uncertain market.
Circle did not immediately respond to requests for comments.
