Arf and Huma join Circle Payments Network to provide embedded USDC credit, easing prefunding needs for cross-border payments.
Arf, a Swiss-regulated provider of same-day USDC settlement liquidity, and Huma, the payment finance network (PayFi), will join the Circle Payments Network (CPN) as service providers to introduce embedded credit services for eligible participants.
The Circle Payments Network connects financial institutions and enterprises to enable real-time settlement of payments in stablecoins such as USDC and EURC.
With Arf and Huma integrated into CPN, participants will gain access to on-demand USDC credit, reducing reliance on prefunding in certain regions.
Ali Erhat Nalbant, Co-Founder and CEO of Arf, said: “We’re thrilled to bring our liquidity infrastructure to CPN. Building on Huma’s PayFi Network, we enabled many financial institutions to reduce their reliance on prefunding. With this integration, eligible CPN participants will have seamless access to our services.”
Irfan Ganchi, SVP of Product Management at Circle, added: “One of the design principles of CPN is to have an open network that is constantly upgradable. With the addition of Arf and Huma as service providers, eligible CPN participants may have an even smoother experience sending funds near-instantly.”
Future enhancements will include tools for credit, liquidity, custody, fraud management, and reconciliation.
Stay updated on the crypto space by following our socials
