Circle Internet Financial's Circle Payments Network (CPN) offers a programmable, always-on payments infrastructure utilizing USDC that allows financial institutions to implement custom risk controls in compliance with their unique requirements, without compromising liquidity or innovation. To join CPN, institutions must undergo a rigorous eligibility process based on both traditional banking and blockchain standards, which ensures compliance and security across various domains such as demographics, licensing, and financial health. Once part of the network, members can use a dashboard to configure operational rules across four principal layers—geography, payment type, entity, and eligibility tier—thereby customizing their interactions while maintaining on-chain settlement finality. These rules act as real-time filters, enabling seamless transactions that reduce operational overhead and ensure consistent application of compliance measures. The flexibility of CPN allows institutions to adapt to evolving regulatory landscapes and strategic objectives, turning risk preferences into programmable logic to address business challenges like pricing, regional expansion, and treasury management. Circle Technology Services, LLC operates CPN, facilitating secure communication and direct settlement between global financial institutions, while not holding funds or managing accounts.