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News

Circle Revolutionizes USDC Access with PIX and SPEI—No More Costly International Wires!

September 17, 2024 - Around 2 mins mins to read

Key Points:

  • Circle now supports PIX (Brazil) and SPEI (Mexico), eliminating international wire transfers for faster USDC access.
  • Users can bypass converting local currency to USD, simplifying the process and saving on fees.
  • This integration accelerates USDC adoption in Latin America, making crypto transactions more efficient and accessible.
Circle announced its latest move in integrating local bank transfers: PIX and SPEI, the national real-time payment systems for Brazil and Mexico.
Circle Revolutionizes USDC Access with PIX and SPEI—No More Costly International Wires!

Circle Introduces PIX and SPEI for Local Transfers

This replaces an earlier requirement that every user perform an international wire transfer to gain access, significantly reducing time and costs.

The development will also provide a seamless experience for Brazilian and Mexican users when interacting with USDC. Thanks to PIX and SPEI, Circle users in the respective countries can now send funds in their local currency directly to USDC without needing to pre-convert them to USD.

Read more: Circle Moves Headquarters to NYC’s 1 World Trade Center, Boosting U.S. Leadership!

Enhancing Crypto Adoption in Latin America

These payment integrations are key to Latin America, where digital assets and USDC are growing and are important for financial inclusion and borderless commerce. Onboarding PIX and SPEI shows Circle’s commitment to providing faster, more efficient, and cost-effective services for its users.

By removing the need for international wires, Circle users will be able to have instant transfers and much easier access to and transactions with USDC. This might just be what will foster greater adoption of USDC in Brazil and Mexico by removing much of the complexity from converting local fiat into a widely adopted stablecoin.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Circle

PIX and SPEI

USDC

USDC Access with PIX and SPEI

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Circle Revolutionizes USDC Access with PIX and SPEI—No More Costly International Wires!

Key Points:

  • Circle now supports PIX (Brazil) and SPEI (Mexico), eliminating international wire transfers for faster USDC access.
  • Users can bypass converting local currency to USD, simplifying the process and saving on fees.
  • This integration accelerates USDC adoption in Latin America, making crypto transactions more efficient and accessible.
Circle announced its latest move in integrating local bank transfers: PIX and SPEI, the national real-time payment systems for Brazil and Mexico.
Circle Revolutionizes USDC Access with PIX and SPEI—No More Costly International Wires!

Circle Introduces PIX and SPEI for Local Transfers

This replaces an earlier requirement that every user perform an international wire transfer to gain access, significantly reducing time and costs.

The development will also provide a seamless experience for Brazilian and Mexican users when interacting with USDC. Thanks to PIX and SPEI, Circle users in the respective countries can now send funds in their local currency directly to USDC without needing to pre-convert them to USD.

Read more: Circle Moves Headquarters to NYC’s 1 World Trade Center, Boosting U.S. Leadership!

Enhancing Crypto Adoption in Latin America

These payment integrations are key to Latin America, where digital assets and USDC are growing and are important for financial inclusion and borderless commerce. Onboarding PIX and SPEI shows Circle’s commitment to providing faster, more efficient, and cost-effective services for its users.

By removing the need for international wires, Circle users will be able to have instant transfers and much easier access to and transactions with USDC. This might just be what will foster greater adoption of USDC in Brazil and Mexico by removing much of the complexity from converting local fiat into a widely adopted stablecoin.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.