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CoinGape

Circle Expands To Brazil & Mexico, Will It Boost USDC Adoption?

CoinGape
Summary
Nutrition label

75% Informative

Circle, the firm behind the USDC (USD Coin) stablecoin, has now entered Brazil and Mexico .

The firm has integrated national real-time payment systems in both countries, PIX in Brazil and SPEI in Mexico .

This move eliminates the need for costly and slow international wire transfers.

The expansion of USDC as a means of payment in Mexico is most suitable for the remittance market.

By 2023 , Mexico received more than $63 billion in remittances from the US alone.

VR Score

62

Informative language

52

Neutral language

74

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links