According to Mars Finance, Circle announced that it will integrate its USD Coin (USDC), a stablecoin pegged to the US dollar, with Brazil’s PIX and Mexico’s SPEI payment systems. This move makes USDC available in the banking systems of both countries, allowing businesses to obtain USDC through local financial institutions without international wire transfers.
Circle said the integration will reduce fund settlement time from days to minutes, improve liquidity, and support corporate uses and retail customers. USDC can also be exchanged with local fiat currencies such as the Brazilian real (BRL) and the Mexican peso (MXN).
