Taiwanese stablecoin-based payments company OwlTing has joined Circle's global payments infrastructure, the Circle Payments Network (CPN). This participation will allow OwlTing to integrate cross-border payments using USDC across its services, making B2B payments for Asian companies faster and cheaper.
According to Circle, CPN will enable Outlet to provide real-time payment capabilities across a wide range of sectors, including corporate remittances, international payments, and payroll. This significantly improves the high fees and delays inherent in traditional international remittances, and is expected to have a significant impact, particularly for Taiwanese and Southeast Asian companies operating global supply chains.
Oulting already operates a blockchain-based e-commerce, travel, and logistics tracking platform, and has established a strong presence in East Asia. This move to join CPN is seen as a move to further expand its service offerings by adding USDC-based international payment capabilities to its established infrastructure.
Circle is also accelerating its expansion into the Asian market. Recently, it has expanded its USDC business in Japan, Korea, Singapore, Taiwan, and other countries, accelerating the establishment of a "dollar-based digital payment standard." Network participation by local payment companies is considered a key strategy for expanding the use of USDC.
This collaboration is seen as a signal that Asia's digital payments are moving beyond traditional financial systems and toward blockchain-based infrastructure. This means that a structure that increases the efficiency of inter-company settlements, reduces costs, and allows global payments to be completed within tens of seconds is becoming a reality.
