Circle has announced that it has connected its USDC stablecoin to corporate payment systems in Brazil and Mexico through integrations with leading banks.

In Brazil, businesses can use USDC through the PIX system, run by the Central Bank of Brazil. In Mexico, USDC is accessed through the SPEI system, run by the Bank of Mexico.

The move is part of Circle’s expansion into Latin America and other networks, including the Sui Network blockchain.

USDC is the second-largest stablecoin after USDT, with a market cap of $35.50 billion and a daily trading volume of $6.51 billion.

Stablecoin adoption is growing in Brazil and Mexico, as evidenced by recent initiatives by major companies like Mercado Pago and Tether.