Summary
- Circle, the issuer of the U.S. dollar-denominated stablecoin USDC, said it has announced that Hectofinancial has joined the stablecoin payments network Circle Payments Network (CPN).
- Circle said that through this partnership, Hecto will provide compliant stablecoin-based fiat payout services to global companies to support efficient cross-border fund transfers.
- Circle said that with Hectofinancial joining CPN, it has secured capabilities in a range of payment and settlement services, including payments for global companies, cross-border B2B payments, platform and merchant settlement, and treasury management and liquidity operations.
Supporting Global Fund Transfers via Stablecoins
Circle, the issuer of the U.S. dollar-denominated stablecoin 'USDC,' announced that Hectofinancial has joined the stablecoin payments network 'Circle Payments Network' (CPN).
On the 3rd (Korea time), Circle said via its official social media (SNS) account, "We welcome Hectofinancial's joining CPN," adding, "Through this partnership, Hecto will provide compliant stablecoin-based fiat payout services to global companies and support efficient cross-border fund transfers."
Circle added, "Through CPN, Hecto will provide global clients with a single-network, real-time, compliant settlement infrastructure."
According to Circle, by joining CPN, Hectofinancial has secured capabilities across a range of payment and settlement services, including △payments for global companies △cross-border B2B payments △platform and merchant settlement △treasury management and liquidity operations.
Shin Min-kyung, Hankyung.com reporter radio@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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