Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System

Circle has connected its USDC stablecoin with payment systems in Brazil and Mexico for corporate customers through integrations with leading banks, the company said Tuesday. Circle said it now allows businesses to access USDC directly from local financial institutions in Brazil through PIX, a payments system created by the Central Bank of Brazil (BCB) in 2020 that has nearly 160 million users. Circle's announcement in Latin America comes as the company expands its stablecoins to other networks. Circle's USDC, the second-largest stablecoin behind Tether's USDT, has a market cap of $35.50 billion and a 24-hour trading volume of $6.51 billion.

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