1. Bridging Currency Conversion Barriers
2. Faster and Cheaper Money Transfers
3. Circle’s Global Expansion Strategy

Circle, the company behind USD Coin (USDC), has announced the integration of its stablecoin with Brazil’s PIX and Mexico’s SPEI real-time payment systems.

Bridging Currency Conversion Barriers

Businesses in two major Latin American economies can now convert their local currencies—Brazilian Reais (BRL) and Mexican Pesos (MXN)—directly into USDC without needing international wire transfers.

Faster and Cheaper Money Transfers

The integration is expected to improve efficiency, reduce transaction times, and cut costs for companies engaged in cross-border transactions, remittances, and corporate finance. In Brazil, nearly 95% of the country’s $640 billion annual foreign trade in goods is conducted in dollars, making this integration highly beneficial for businesses. Mexico, one of the U.S.’s largest trading partners, has over $800 billion in goods and services trade annually. In 2023, the U.S.-to-Mexico remittance corridor saw $63 billion in remittances sent, accounting for about 4% of Mexico’s GDP.

Circle’s Global Expansion Strategy

This latest integration is part of Circle’s larger strategy to expand the use of USDC globally. The company has been actively forming partnerships with banks and payment systems in key markets to increase the adoption of USDC. Recently, Circle partnered with Sony Block Solutions Labs to bring USDC to Sony’s Ethereum layer-2 blockchain, Soneium, and plans further integrations with additional blockchain networks, including the Sui Network.

The integration of USDC with PIX and SPEI opens new opportunities for businesses in Brazil and Mexico, improving efficiency and reducing transaction costs.