Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil.

During the U.S. trading session on Wednesday, the cryptocurrency market witnessed a sudden uptick following the Fed interest rates by 50 BPS. The Bitcoin price surged above $60000 and sparked a renewed recovery momentum in the altcoin market.

Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains.

Circle, a stablecoin issuer, has expanded its reach in Latin America by offering USD Coin (USDC) in Mexico and Brazil.

Binance has launched a promotion allowing users to earn up to 104 USDC through deposits or crypto purchases. The promotion runs from September 19 to October 17, 2024.

Sui has recorded an impressive price rally last day following the integration of native USDC on the platform. At the time of writing, Sui (SUI) was still up 10% over the past day, exchanging hands at $1.

This means companies can access USDC directly from local banks, making it easier and faster to use digital dollars for business. No need to send money overseas and wait for it to clear – now it can happen in just minutes instead of days.

Circle announced new integrations with local payment systems in both Brazil and Mexico.

Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange.

SUI, the network's native token, is up over 10% following the news and currently exchanging hands for $1.15.

USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions.

USDC is now available through traditional financial institutions in Brazil and Mexico after the issuer Circle connected the stablecoin to banking rails in the countries. In a release, Circle said it connected USDC to SPEI, a system powered by Banco de Mexico and PIX, the payment systems launched by the Central Bank of Brazil.

The Bridged USDC Standard support offers greater ease for developers and security for users.

The Sui Foundation has announced a new partnership with MoviePass, the U.S.-based movie subscription service. According to a press release shared with crypto.

Circle has enabled support for local bank transfers for USD Coin (USDC) in Brazil and Mexico through their national payment systems, PIX and SPEI, respectively, according to a Sept. 17 press release.

Circle, the firm behind the USDC (USD Coin) stablecoin, has now entered Brazil and Mexico. Such a move is a major boost towards providing faster and cheaper digital dollar services to businesses in two of the largest Latin American economies.

Circle, the issuer of the USDC stablecoin, has broadened its payment functionalities to Brazil and Mexico, enabling transactions directly in local currencies—Brazilian reais and Mexican pesos.

USDC issuer Circle introduces the stablecoin in Brazil and Mexico in global expansion efforts.

Previously, the stablecoin could only be purchased through crypto exchanges.

Circle has expanded its stablecoin operations in Latin America to include Brazil and Mexico. In a company statement, stablecoin operator Circle revealed that its (USDC) token can now be used to settle payments in Brazil and Mexico.

Circle now supports PIX (Brazil) and SPEI (Mexico), eliminating international wire transfers for faster USDC access.

Circle's USDC integration in Brazil and Mexico could significantly enhance financial inclusion and streamline cross-border transactions in Latin America. The post Circle introduces USDC in Brazil and Mexico via local payment systems appeared first on Crypto Briefing.

Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire.

The revived MoviePass unveiled plans to integrate USDC via Sui to pay for subscriptions, plus the Sui Foundation has taken an equity stake.

Circle announced that USDC will soon be supported on the Sui blockchain, and will improve the network's security, usability, and interoperability.

The move allows the direct conversion of Reas and Pesos into USDC, omitting the need to convert the fiat currencies into USD.

Singapore, Singapore, 17th September 2024, Chainwire

The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.

Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC's expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui.

TL;DR USDC on Sui Network: Circle CEO Jeremy Allaire announced that USD Coin (USDC) will soon be natively supported on the Sui network, enhancing its interoperability and functionality. What is USDC?: USDC is a stablecoin pegged to the US dollar, widely trusted, and used across over 15 blockchain networks, including Ethereum and Solana.

Jeremy Allaire, Circle's Co-founder, Chairman, and CEO, hinted that native USDC would launch on the SUI ecosystem. An official ambassador of the SUI network, Edle, confirmed that many users hesitated to bridge USDC or USDT from Ether to SUI due to slow speeds and high gas fees.

Circle has recently integrated USDC, its flagship stablecoin, into both Sony's Soneium, an Ethereum layer-2 solution, and the Sui blockchain.

Circle, the issuer of USD Coin (USDC), is expanding its stablecoin to the Sui network, a layer-1 (L1) blockchain platform.

Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept.

Users and developers on Sui will benefit from a more seamless experience with USDC.

The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.

Sui Network announces plans to integrate native USDC and Cross-Chain Transfer Protocol

Sui will soon integrate native USDC and CCTP, boosting its blockchain's liquidity and cross-chain transaction capabilities.

Circle has partnered with Sony's blockchain to increase USDC adoption on the Soneium L2 network. The Bridged USDC Standard enables Web3 producers to make safe, digital dollar payments.

Circle is "thrilled to partner with Sony Block Solutions Labs to reimagine how innovation thrives in the digital economy,” said CEO Jeremy Allaire.

TL;DR Circle and Sony Block Solutions Labs partner to integrate USDC on Soneium, Sony's Ethereum Layer-2 blockchain, enabling seamless, secure, and borderless transactions. The integration will use the Bridged USDC Standard, ensuring flexibility for future upgrades to native issuance.

Circle and Sony Block Solutions Labs announce a partnership to integrate bridged USDC on Sony's new Ethereum layer 2 blockchain

The ecosystem of Layer 2 on Ethereum adds the new standard Bridged USDC.

Circle is looking to extend the use of its USDC stablecoin to the new high-flying Ethereum layer-2 blockchain network, Soneium, according to a Sept. 16 statement shared with CryptoSlate.

Circle partners with Sony Block to integrate Bridged USDC Standard. Soneium aims to simplify blockchain experiences, empowering developers.

Circle, the company behind USDC, has announced a partnership with Sony Block Solutions Labs to bring its stablecoin to Soneium. As a part of this collaboration, Soneium will integrate the Bridged USDC Standard.

On September 15th, Circle announced its partnership with Sony. The goal is to make USDC a go-to choice for creators and developers using Sony's layer-2 blockchain, Soneium.