just now
Canadian fintech company Paytrie has joined Circle Payments Network (CPN), strengthening its capacity to facilitate real-time, transparent, and compliant stablecoin payments from Canada to international markets.
The integration aims to expand regulated stablecoin infrastructure in Canada, particularly for USDC, enabling faster and more efficient global money movement for Canadian individuals and businesses. Paytrie is a FINTRAC-registered Money Services Business specialising in stablecoin on/off-ramping and payment solutions.
Jason Tong, Chief Strategy Officer of Paytrie
Jason Tong, Chief Strategy Officer of Paytrie, said:
Integrating with CPN marks an important step forward in Paytrie's mission to modernize money movement for Canadians. We are excited to explore how stablecoins can reduce costs, increase transparency, and provide always-on settlement for individuals and businesses in Canada.
The partnership builds upon Paytrie's existing support for USDC, which the company has enabled Canadian users to access through its core platform since inception. Paytrie has also participated in the Circle Alliance Program alongside global companies advancing stablecoin adoption.
Circle Payments Network connects participating financial institutions worldwide, with Circle Technology Services, LLC (CTS) serving as the technology service provider. CTS enables the global ecosystem of participating financial institutions to connect directly, communicate securely, and settle transactions between themselves.
The network operator does not hold funds or manage accounts on behalf of customers, but facilitates connections between financial institutions who execute transactions at their own risk. Use of CPN is governed by CPN Rules and the CPN Participation Agreement between CTS and participating financial institutions.
Paytrie indicated that additional details about expanded payment capabilities using CPN will be announced as the company continues to strengthen its regulatory and product foundations in the Canadian market
