Circle is set to unveil a new payments and cross-border remittance product. The launch will take place at the company's headquarters in One World Trade Center, New York, on Tuesday.

The event will cater to banks, fintechs, payment service providers, remittance providers, and USDC strategic partners. Circle's CEO is expected to outline the company's vision for expanding its presence in the payments space.

The launch marks a strategic shift as Circle looks to strengthen its position in the payments industry. Circle plans to position itself as a key player, eyeing competition with financial giants like Mastercard and Visa.

The company's new offering aims to revolutionise remittances and cross-border payments. It leverages stablecoins like USDC to potentially disrupt traditional money transfer services.

Circle's recent developments have been significant, including its postponed IPO due to volatile market conditions. As the adoption of stablecoins grows, Circle continues to innovate and solidify its place in the evolving payments ecosystem.

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