Circle Payments Network Partners Alfred and Tazapay Supercharge Seamless Money Movement Across Latin America and Asia-Pacific

Money should be built to move. Quickly, seamlessly, across borders, and between businesses — but global payments infrastructure has struggled to deliver. Enter Circle Payments Network (CPN), a compliance-first framework made to streamline the $194 trillion¹ cross-border payments market with stablecoins like USDC and EURC.

CPN is designed to simplify the flow of value between a wide range of financial institutions, including banks, payment service providers (PSPs), neobanks, and virtual asset service providers (VASPs). It enables secure, fast, and cost-effective international payments among participants by tapping into a global-stablecoin infrastructure with a single network — all without the need for partner companies to build bilateral relationships in every market.

With the completed onboarding of fully integrated partners Alfred and Tazapay, CPN is live across major corridors in Latin America and Asia-Pacific. And Alfred and Tazapay are already proving that regulated stablecoins thrive wherever commerce happens.

Brazil Grows its Payments Reach

Alfred, a financial technology company working to bridge traditional finance and stablecoin-payment rails, has expanded its reach as an early CPN adopter. Through CPN, Alfred unlocks cross-border flows into Brazil’s dynamic economy. It does so via integration with Pix, Brazil's instant payments system.

Since its 2020 launch, Pix has transformed domestic payments in Brazil with its near-instant transfer times and 24/7/365 availability. Alfred builds on Pix’s secure foundation and near ubiquity throughout the country by enabling USDC payments coming into Brazil to be converted to Brazilian Real (BRL) and paid out via Pix in near real time.

Alfred’s embrace of CPN in Latin America’s largest economy means Brazilian businesses that depend on incoming USD flows can now avoid multi-day settlement delays and opaque FX conversions. Plus, Alfred’s CPN integration translates to reduced cash-flow friction and less reliance on costly short-term borrowing.

This matters on the ground, at scale. When a shipment leaves Brazil, an exporter being paid in USD may need to wait up to 5 days for a traditional wire to land. Near-instant USDC transfers, paired with the ease of converting USDC to BRL thanks to Alfred, could help duties and taxes to be paid same‑day, reducing possible demurrage fees. The impact of Alfred’s integration into CPN extends to Brazil’s more than $6 billion inbound-remittance market as well. A seamless value transfer can help senders to better time their payments to favorable market conditions. That means people receiving funds via Alfred stand to gain more from every dollar sent thanks to faster payouts and fewer deductions.

But CPN isn’t limited to Brazil. The network is already challenging the way money is moved in other global regions.

Asia-Pacific Payments Without Borders

Across the globe, Tazapay, a fintech company focused on cross-border payments, works to connect global businesses to Hong Kong markets.

Hong Kong handled about $527 billion in re‑exports during 2023, acting as a duty‑free hub moving electronics, textiles, and luxury goods. Yet across the region, many small and medium enterprises (SMEs) juggle multiple correspondent banks, each layering fees and delays that can hold up funds. That stands to create serious bottlenecks, as dropshippers and sellers rely on overnight restocking and delayed payouts can translate to out-of-stock goods and lost listing ranks.

As a Beneficiary Financial Institution (BFI) in CPN, Tazapay removes friction from international B2B transactions. Instead of relying solely on correspondent banking rails, CPN partners and their users can send USDC to Tazapay and have it converted to local fiat with speed and pricing transparency. Through CPN, Tazapay can receive USDC from any Originating Financial Institution (OFI), offramp to Hong Kong Dollars or US Dollars, and push funds to local banks.

Following Tazapay’s onboarding into CPN, merchants in the Asia-Pacific region no longer need to manage multiple banking relationships or FX contracts. Instead, cross-border payouts approach the ease of domestic transfers.

This shift, made possible by CPN, stands to open up working capital for businesses and remove long-held barriers to cross-border e-commerce participation. Combined with CPN’s embedded compliance workflows such as transaction monitoring, partners like Tazapay gain a trusted path to global reach.

Same-Day Settlement, Worldwide Impact

Circle Payments Network is up and running. It’s already processing transactions and delivering results for partner businesses.

Through its deep connection with Brazil’s Pix infrastructure, Alfred helps payment providers offramp to Brazil without needing to first build local integrations or hold BRL balances. This model lowers costs and opens up access to Brazil’s fast-growing digital payments ecosystem.

Tazapay enables businesses and platforms across Asia-Pacific to convert USDC into local currencies and settle to bank accounts efficiently. With Hong Kong serving as a regional financial hub, Tazapay helps demonstrate CPN’s ability to serve complex, high-volume cross-border flows across the region.

With scores of network participants in active onboarding, CPN is set to expand even further into global markets. CPN and its partners are bringing same-day settlement and programmable compliance with competitive FX pricing to the world.

With every new participant, the network grows more valuable. The future of internet-native money movement is here, and it’s moving fast.

¹_{Cross-border payments market now worth over $194tn and is forecast to reach $320tn by 2032, FXC Intelligence (Last accessed June 11, 2025)}

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