Circle has integrated the USDC stablecoin with Brazil and Mexico's real-time settlement systems! 🇧🇷🇲🇽
- Businesses can access USDC from local financial institutions without international transfers.
- Reduced access time to USDC from days to minutes!
- USDC is available in BRL and MXN, integrated into PIX (Brazil) and SPEI (Mexico).
💡 Stablecoin market reaches $170B. USDC currently has a market cap of $35B, second only to Tether (USDT) at $118B.
- Remittances from the US to Mexico will reach $63B in 2023, up 7% from 2022.
- Mexico and the US exchange over $800B in goods and services each year.
- 95% of Brazil's foreign trade is in USD.
What do you think about this move by Circle? Comment below! 💬