Fipto and Circle Payments Network: regulated stablecoin-powered payouts from Europe to Latin America and Asia

Fipto, Europe's first stablecoin payment infrastructure dual-licensed under PSD2 and MiCA, has integrated with Circle Payments Network (CPN) to do stablecoin-powered fiat payouts. Companies that pay through Fipto can now reach beneficiaries in seven new markets across Latin America and Asia, funding each payment from a USDC balance, with beneficiaries receiving local currency on domestic payment rails, often within minutes.

What Circle Payments Network (CPN) is

CPN is a stablecoin payments network for global money movement, built and powered by Circle’s full-stack platform. For fiat payouts, CPN connects regulated financial institutions so that money can move between them using USDC as the settlement asset, rather than through chains of correspondent banks. Licensed participants initiate payments into the network on behalf of their clients. As a licensed financial institution, Fipto originates payments inside the European Union and settles them through the network to licensed payout partners that convert and pay out in each destination country. The result is an integrated path from the point of origination in Europe to final settlement in local currency.

Why this matters for European companies

Stablecoins have moved from the margins to the core of cross-border settlement, with more than USD 30 trillion settled on-chain in 2025 (Bloomberg/Artemis Analytics, January 2026). Yet paying suppliers, partners and workforces outside the euro area has long depended on correspondent banking. Coverage is uneven, funds are often pre-positioned in destination accounts, pricing is difficult to see in advance, and settlement can take several days. For finance teams, this means capital tied up across corridors and limited visibility over when a payment will actually arrive.

Together, Fipto and Circle Payments Network extend Fipto's reach to seven new currencies across Latin America and Asia, from the Brazilian real to the Singapore dollar, with funds delivered on the domestic rails beneficiaries already use, such as PIX and FAST. Clients see one all-in rate, fixed at the moment a payment is approved, and can track each payment from origination to payout. In practice, working capital that once sat in pre-funded accounts can be deployed elsewhere, and payments that previously took days can complete within minutes.

Why Fipto and Circle: regulated at both ends

Circle is the issuer of USDC, the world’s largest regulated stablecoin, and the first major global stablecoin to achieve MiCA compliance. Circle operates CPN, which enables licensed financial institutions to settle cross-border payments in USDC. Fipto is licensed as a Crypto-Assets Services Provider under MiCA by the French Financial Markets Authority (AMF) and as a Payment Institution by the French Prudential Control and Resolution Authority (ACPR). This enables a regulated payment path, with a licensed originator in the European Union, USDC settlement across the network, and licensed institutions completing payout at destination. Regulation applies at both ends of the flow, not only at the point of origination.

"Cross-border payments have waited a long time for infrastructure that is both fast and regulated. By joining Circle Payments Network, we can now settle payouts from Europe to Latin America and Asia in minutes, within the same regulatory framework our clients already trust. This is what we mean when we say regulated stablecoin infrastructure is becoming the standard for B2B payments, not an alternative to it."— Bertrand Godin, Co-founder & COO of Fipto

"Circle Payments Network comprises regulated institutions that meet the highest compliance standards in their markets. Fipto brings exactly that to the network: a MiCA-licensed and ACPR-regulated originator that enables USDC-powered cross-border payouts from Europe to Latin America and Asia.. Partners like Fipto are how we make near-instant, transparent cross-border payments a reality for businesses on both sides of every corridor."— Spencer Spinnell, SVP Global Payments and Enterprise Partnerships, Circle

How Circle Payments Network for fiat payouts works

A payment begins in the Fipto platform, through the web application or the API, within the workflow clients already use. It is funded in USDC and settled through Circle Payments Network. At the destination, a licensed financial institution converts the USDC into local currency and pays the beneficiary on a domestic rail. Compliance is built into the flow rather than added afterwards: identity and Travel Rule information is collected when a beneficiary is created, and the required data is encypted and travels with each transaction. Approvals, limits and controls remain within Fipto, and every payment produces a clear record for reconciliation. Because the rate is locked at approval, the amount the beneficiary receives is known before the payment is sent.

New corridors available to Fipto customers

The new corridors cover seven currencies: the Brazilian real (BRL), Mexican peso (MXN), Colombian peso (COP), Singapore dollar (SGD), Hong Kong dollar (HKD), Philippine peso (PHP), and Chinese yuan (CNY). Payouts are delivered on domestic rails, including PIX in Brazil and SPEI in Mexico, so beneficiaries are paid through the systems they already rely on.

Brazilian real BRL	Chinese yuan CNY	Colombian peso COP	Hong Kong dollar HKD
Mexican peso MXN	Philippine peso PHP	Singapore dollar SGD

Frequently asked questions

What is Circle Payments Network (CPN)?‍

CPN is the stablecoin payments network for global money movement. For fiat payouts, it enables licensed financial institutions to settle in USDC with vetted payout partners handling the last mile local currency delivery, removing the need for a chain of correspondent banks.

How fast are payouts, and what does a client pay?

‍Payouts often settle end-to-end within minutes on domestic rails, and clients see one all-in rate that is locked when the payment is approved.

Which stablecoin is used?

‍Payments are funded and settled in USDC, the world's largest regulated stablecoin, issued by regulated affiliates of Circle. Circle was the first major global stablecoin issuer to achieve compliance with MiCA.

What comes next for Fipto and CPN

The seven new corridors are available to Fipto clients now. Further currencies will follow, extending the same regulated model to additional markets over time. Fipto sees this as one step in a wider shift, in which regulated stablecoin infrastructure becomes a standard part of how companies move money across borders.

To find out how these corridors could work for your payments, speak to the Fipto team.

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Fipto has integrated with Circle Payments Network (CPN), operated by Circle Technology Services, LLC, an affiliate of Circle Internet Group, Inc. (NYSE: CRCL).