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, respectively.

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 such funds to USD.

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

Enhancing Crypto Adoption in Latin America

All of these payment integrations are key to Latin America, where digital assets and USDC are growing important for financial inclusion and borderless commerce. Onboarding PIX and SPEI simply 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 transact 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.