$BTC
Circle recently announced that it has expanded access to its flagship USD Stablecoin (USDC) in Brazil and Mexico, via national real-time payment systems PIX and SPEI. The move aims to make USDC more accessible, faster, and cheaper for businesses and consumers in the Latin American market.
The company, one of the largest stablecoin issuers, has partnered with leading banks in both countries to enable direct conversion of their local fiat currencies, the Brazilian Reais (BRL) and Mexican Peso (MXN), into USDC. This eliminates the need for international wire transfers, drastically reducing transaction time and costs, Circle said.
“Businesses can now access their USDC directly from local financial institutions in the two G20 countries without the need to transfer funds to a bank abroad. They can use USDC for their own corporate purposes and offer it as an option to their own retail customers,”
