Circle has successfully integrated its USD Coin stablecoin into the national real-time payment systems of Brazil and Mexico.
As a result, the stablecoin will be easily accessible within the banking systems of these two countries.
Circle claims this integration will allow businesses to access USDC directly from local financial institutions, without the need for international bank transfers.
According to Circle, this integration will significantly reduce the time it takes to access USDC from days to just minutes.
In addition, USDC will now be available in the local fiat currencies of Brazil and Mexico. This means the digital dollar will integrate seamlessly with Brazil's instant payment system, PIX, and Mexico's interbank system, SPEI.