Circle Launches USDC in Brazil, Mexico
This is a Mexico news story, published by CoinGape, that relates primarily to USDC news.
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•Circle Expands To Brazil & Mexico, Will It Boost USDC Adoption?
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.
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