USDC Expands in Brazil and Mexico: A Leap Forward for Local Payment Systems
Circle has successfully integrated USDC with Brazil's PIX and Mexico's SPEI payment systems, making digital dollars more accessible to businesses in these countries.
This integration streamlines transactions by eliminating the need for international wire transfers, reducing transaction times from days to minutes.
By allowing transactions in local currencies, Brazilian Reais (BRL) and Mexican Pesos (MXN), Circle helps businesses avoid currency conversion costs, enhancing liquidity and operational efficiency.
This development underscores the growing convergence of blockchain technology and traditional finance, promising greater efficiency and lower costs in global financial transactions.
2024-09-18Read