Svmuu News: Jeremy Allaire, CEO of stablecoin issuer Circle, announced on the X platform that Circle has launched its custodial payment service, CPN Managed Payments. The service aims to provide a one-stop stablecoin payment solution for banks, payment service providers (PSPs), fintech companies, and large tech enterprises. The product supports payment flows between fiat-to-fiat and fiat-to-stablecoin. Circle handles the wallet infrastructure, on-chain operations (such as minting and custody), as well as compliance and licensing aspects. This allows institutions to integrate without needing to build their own blockchain and digital asset processing capabilities. Currently, the related APIs and product details have been released simultaneously.