Circle has integrated its USD Coin (USDC) stablecoin with the national instant payment systems of Brazil and Mexico. According to the announcement on September 17, the stablecoin is now available in both countriesâ banking systems. This integration allows businesses to access USDC directly without having to make international transfers through local financial institutions.
Circle said this step eliminates international transfers and reduces the time to access USDC from days to minutes. USDC is available in local currencies such as the Brazilian Real (BRL) and the Mexican Peso (MXN).
The digital dollar, which is integrated with Brazilâs PIX and Mexicoâs SPEI systems, offers great convenience for users in these countries. Circleâs move aims to increase the use of stablecoins in cross-border transactions.
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