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Hecto Financial joins Circle CPN to expand global payment and settlement infrastructure

Global fintech firm Hecto Financial has secured cross-border settlement infrastructure using regulated stablecoins such as USDC. It said on Tuesday it built payment infrastructure based on Circle's Circle Payments Network, or CPN. The company plans to improve overseas remittances and settlement efficiency in line with domestic regulations and increase the speed and stability of cross-border payments. It will use the network to target B2B demand, including B2B payments, overseas remittances and cash management.