ChainThink reports: According to official announcements from Circle, the Circle Payments Network mainnet has been officially launched. This network is a blockchain-based payment coordination protocol that allows banks and payment service providers to conduct real-time settlements using USDC on public blockchains. The Circle Payments Network supports functions such as business-to-business supplier payments, cross-border remittances, treasury management, corporate recurring payments, and payroll and bulk payments. The initial mainnet participants include Alfred, Tazapay, ConduitPay, and RedotPay, who will launch stablecoin payment channels in Latin America and Asia. Circle plans to expand its business to regions including Nigeria, the European Union, the United Kingdom, Colombia, India, the United Arab Emirates, China, Turkey, the Philippines, Vietnam, and Argentina by 2025.