> ## Documentation Index
> Fetch the complete documentation index at: https://developers.circle.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Circle Payments Network

> Move and settle money globally through Circle Payments Network, a stablecoin payments network for accepting, converting, moving, and settling funds with USDC.

Circle Payments Network (CPN) is Circle's stablecoin payments network for global
money movement. Built and powered by Circle, the issuer of USDC, it gives
financial institutions and enterprises a single integration to accept, convert,
move, and settle funds.

Move money near-instantly, 24/7, on programmable stablecoin rails. Each payment
product handles a specific job, so you can pick what you need today and add more
as your business grows.

## Operating modes

Circle builds and powers every CPN payment. You choose who operates the payment
lifecycle, and you can change modes without re-integrating as your business
grows. The two modes differ in who holds the stablecoins and who owns licensing,
custody, and compliance.

* **Self-managed**: You operate your own stablecoin lifecycle, including
  custody, payouts, and compliance. Circle provides the rails, APIs, and
  routing. Choose this mode when you hold stablecoins directly and want control
  over the flow of funds.
* **Managed**: Circle handles licensing, custody, compliance, treasury, and
  settlement on your behalf. Choose this mode when you want stablecoin payments
  without holding digital assets or building onchain systems.

## Products

<CardGroup cols={3}>
  <Card title="Fiat Payouts" icon="building-columns" href="/cpn/fiat-payouts">
    Send cross-border fiat payouts through a network of payout partners. Request
    real-time FX quotes, settle in USDC onchain, and let partners deliver local
    fiat to the receiver.
  </Card>

  <Card title="Stablecoin Payments" icon="coins" href="/cpn/stablecoin-payments">
    Send USDC or EURC to third-party wallets with Stablecoin Payouts, and accept
    it from third parties onchain with Stablecoin Payins. Both support Address
    Book and Travel Rule data.
  </Card>

  <Card title="Managed Payments" icon="wallet" href="/cpn/managed-payments">
    Offer stablecoin payins, payouts, and digital asset accounts to your
    end-customers without holding digital assets. Circle runs custody,
    compliance, and onchain activity while you stay in fiat at the edge.
  </Card>
</CardGroup>

## Choose a product

The following table maps each product to its operating mode and primary use
case.

| Product            | Operating mode | Use it to                                                                                         |
| ------------------ | -------------- | ------------------------------------------------------------------------------------------------- |
| Fiat Payouts       | Self-managed   | Settle cross-border payments in USDC and deliver local fiat to receivers through payout partners. |
| Stablecoin Payouts | Self-managed   | Send USDC or EURC to third-party wallets you register and approve.                                |
| Stablecoin Payins  | Self-managed   | Accept USDC or EURC from third parties into a deposit address.                                    |
| Managed Payments   | Managed        | Operate fully in fiat while Circle powers stablecoin payments behind the scenes.                  |

## Get started

<CardGroup cols={3}>
  <Card title="Integrate Fiat Payouts" icon="rocket" href="/cpn/quickstarts/integrate-with-cpn-ofi">
    Request a quote, create a payment, complete the onchain USDC transfer, and
    track status as an Originating Financial Institution.
  </Card>

  <Card title="Send a Stablecoin Payout" icon="paper-plane" href="/cpn/stablecoin-payments/howtos/send-stablecoin-payout">
    Register a recipient in the Address Book and send USDC or EURC onchain to a
    third party.
  </Card>

  <Card title="Receive a Stablecoin Payin" icon="arrow-down-long" href="/cpn/stablecoin-payments/howtos/receive-stablecoin-payin">
    Create a payment intent, share the deposit address, and confirm the payment
    when it settles.
  </Card>
</CardGroup>