**Circle Integrates USDC with Brazil and Mexico's Payment Systems**

Circle has announced that its USD-pegged stablecoin, USD Coin (USDC), is now integrated with Brazil's PIX and Mexico's SPEI real-time payment systems. This move allows businesses in both countries to access USDC directly from local financial institutions, bypassing the need for international wire transfers.

- **Faster Transactions:** Circle claims this integration can reduce transaction times from days to minutes, freeing up capital.

- **Local Currencies:** USDC is now available in Brazilian Real (BRL) and Mexican Peso (MXN).

- **Market Impact:** The stablecoin market cap stands at $170 billion, with USDC holding $35 billion.

Circle's initiative aims to enhance cross-border transactions, especially given the significant trade and remittance flows between the US, Mexico, and Brazil.