Circle Launches CPN Managed Payments — Banks Can Settle in USDC Without Holding Crypto, $68M in 30 Minutes Demo

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Circle launched CPN Managed Payments on April 8, enabling banks, PSPs, and fintechs to adopt stablecoin settlement without holding or managing digital assets. Institutions interact solely in fiat while Circle manages the entire USDC lifecycle (minting, burning, compliance, orchestration) across 20+ blockchains. CEO Jeremy Allaire demonstrated settling $68M across 8 entities in under 30 minutes — a process that typically takes 1-3 days via wire. Thunes and Worldline are among the first partners.