Circle, a leading blockchain company, announced the integration of its US dollar-pegged stablecoin, USD Coin (USDC), with Brazil's PIX and Mexico's SPEI payment systems. This integration enables USDC to be accessible within the banking systems of both countries, allowing businesses to acquire USDC through local financial institutions without the need for international wire transfers.

Circle highlights that this integration will significantly reduce settlement times from days to minutes, enhancing liquidity and supporting both business and retail customers. USDC can also be exchanged for local fiat currencies like the Brazilian Real (BRL) and the Mexican Peso (MXN).