Circle plans to unveil a new cross-border payments and remittance network tomorrow.
The launch event, which will take place from its New York headquarters on the 87th floor of One World Trade Center, is aimed at banks, financial technology companies, payment service providers, remittance providers and USDC's strategic partners.
Circle CEO Jeremy Allaire will present his vision for upcoming developments from the leader of stablecoins in the payments industry.
New global regulations are expanding the stablecoins market, where Circle shares prominence with its biggest competitor, Tether. Given Circle's successful turns in the crypto sector, it makes sense for it to consolidate its position and revisit its origins as a payments company.