Circle, the issuer of dollar-backed stablecoin USDC, said on Feb. 4 that Hecto Financial has joined the stablecoin payments network Circle Payments Network (CPN).
Circle said on its official social media account on Feb. 3, Korea time, that it welcomed Hecto Financial’s participation in CPN. It said the partnership will provide global companies with compliant, stablecoin-based fiat payout services to support efficient cross-border fund transfers.
It added that Hecto will provide global clients with real-time, compliance-focused settlement infrastructure on a single network through CPN.
According to Circle, joining CPN will enable Hecto Financial to secure a range of payment and settlement service capabilities, including payments for global companies, cross-border B2B payments, settlements for platforms and merchants, and fund management and liquidity operations.
Ji-young Lee
ljy@d-today.co.kr