Circle Expands USDC Stablecoin to Brazil and Mexico via PIX and SPEI

Sep 17, 2024, 03:17 PM

Circle has announced the expansion of its USDC stablecoin services to Brazil and Mexico. The company now supports local bank transfers via PIX and SPEI, the national real-time payment systems in these countries. This move allows for the direct and instant conversion of Brazilian Reals and Mexican Pesos into USDC, eliminating the need for international wires and USD conversions. Circle's integration with leading banks facilitates 24/7 banking and USDC minting and redemption using local currencies, enhancing access for corporate customers. This expansion is part of Circle's ongoing global banking infrastructure development for USDC.