All posts tagged: CPN

USDC-Issuer Circle Plans Payment Network to Process Transactions via Stablecoins

USDC-Issuer Circle Plans Payment Network to Process Transactions via Stablecoins

Published by Webster

Circle is planning to launch an international payments network that will allow large corporations to complete settlements via stablecoins. The issuer of the USDC stablecoin released a whitepaper this week detailing possible ways in which stablecoins can upgrade the global payment systems. This system is dubbed the Circle Payments Network (CPN). It has been designed to function as a protocol layer within a digital settlement system with support for stablecoins like USDC, EURC, and more in the future. With the CPN, Circle aims to offer a cross-border payment solution that is cost effective, swift, compliant, and transparent. It could be of significant help to global suppliers, small merchants, content creators, and remittance recipients. “CPN is transparent, secure, scalable infrastructure for financial institutions. Circle has built a rigorous governance framework for CPN that requires participating financial institutions to meet global Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards, along with economic sanctions requirements,” the US-based company said in its whitepaper. The system will offer billing services, credit services, compliance services, risk and fraud services, …

CPN (Unified Socialist) not in hurry to join Prachanda-led govt: Madhav Nepal

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CPN (Unified Socialist) chairman Madhav Kumar Nepal. Former premier and CPN (Unified Socialist) chairman Madhav Kumar Nepal on Wednesday said his party is not in a hurry to join Prime Minister Pushpa Kamal Dahal ‘Prachanda’-led coalition government. In the 275-member House of Representatives, CPN (Unified Socialist) has 10 seats. Mr. Madhav Nepal said that his party would not rush to take a decision about its participation in the government, which is expected to take a vote of confidence on January 10. Speaking at a programme organised by the party’s sister organisation, Youth association Nepal, Kathmandu District Committee, Mr. Madhav Nepal clarified that the political picture is still not clear and that the politburo meeting of his party also did not take any decision, Myrepublica newspaper reported. He said that they are ready to make that decision on January 10 after looking at the policies and programmes of the government and the activities of the political parties that are part of the government. On January 2, Mr. Madhav Nepal had ruled out the possibility of joining …