{"id":137495,"date":"2024-09-19T14:00:02","date_gmt":"2024-09-19T11:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137495"},"modified":"2024-09-19T01:38:04","modified_gmt":"2024-09-18T22:38:04","slug":"circle-introduces-instant-usdc-bank-transfers-in-two-countries","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/circle-introduces-instant-usdc-bank-transfers-in-two-countries\/","title":{"rendered":"Circle Introduces Instant USDC Bank Transfers in Two Countries"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/www.circle.com\/blog\/usdc-now-available-in-brazil-and-mexico-through-national-payment-systems-with-local-currency\" target=\"_blank\" rel=\"nofollow\">move<\/a><\/strong> eliminates the need for slow international wire transfers, significantly speeding up access to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong>\u2014from days to just minutes.<\/p>\n<p>The company allows direct conversions from Brazilian Reais (BRL) and Mexican Pesos (MXN) to USDC at competitive rates, bypassing the usual step of converting to USD first. Circle claims this will help businesses save on costs and enhance the efficiency of using digital dollars.<\/p>\n<p>Circle believes this addition will boost business operations and remittances in Latin America.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/revolut-to-launch-its-own-stablecoin-as-it-expands-crypto-services\/\" title=\"Revolut to Launch Its Own Stablecoin as It Expands Crypto Services\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/revolut-logo-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Revolut to Launch Its Own Stablecoin as It Expands Crypto Services<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>With the US-to-Mexico corridor being the largest remittance route globally, amounting to $63 billion in 2023, stablecoins offer a more cost-effective alternative to traditional remittances, which typically come with higher fees.<\/p>\n<p>Looking ahead, Circle plans to extend USDC support to other national banking systems, though specific countries were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle has announced that it will now support local bank transfers for USDC in Mexico and Brazil, using the countries&#8217; real-time payment systems PIX and SPEI.<\/p>\n","protected":false},"author":3,"featured_media":29632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-137495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle Introduces Instant USDC Bank Transfers in Two Countries<\/title>\n<meta name=\"description\" content=\"Circle has announced that it will now support local bank transfers for USDC in Mexico and Brazil, using the countries&#039; real-time payment...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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