Circle CEO Jeremy Allaire announced on the X platform that Circle has launched its custodial payment service, CPN Managed Payments, designed to provide a one-stop stablecoin payment solution for banks, payment service providers (PSPs), fintech companies, and large technology enterprises. The product supports payments between fiat currencies and between fiat currencies and stablecoins. Circle handles the wallet infrastructure, on-chain operations (such as minting and custody), and compliance and licensing, allowing institutions to integrate without building their own blockchain and digital asset processing capabilities. The relevant APIs and product details have also been released.