Circle is targeting remittance corridors in Latin America, specifically addressing high-fee transfers to Brazil and El Salvador.

The entities involved

• Circle →

  peer-to-peer payments technology company

  • Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
  • Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.Fri 02:36
• Latin America →

  region of the Americas where Romance languages are primarily spoken

  • Partnership initiative begins in Colombia to help women by providing free cloud computing and AI training through Amazon entities in Latin America.Mon 14:45
  • Trump's administration conducted strikes against alleged drug traffickers in Latin America to stem the drug flow.Mon 14:41
• El Salvador →

  sovereign state in Central America

  • The Trump administration deported migrants to El Salvador after James Boasberg ordered the facilitation of returns.Mon 16:42
  • El Salvador groups provided support to Cuban defense efforts.Mon 02:55

Related events

• Regional stablecoin adoption is gaining traction in Latin America, driven by Argentina, while the market remains sensitive to FED policy shifts.Sep 2
• Citizens in Latin America, including Argentina and El Salvador, are using stablecoins to bypass national currency controls.Aug 1
• Brazil's Central Bank is initiating a digital currency due to market growth, driving regional crypto value.Jun 21
• IMF provided funding contingent on reforms as Bukele leads El Salvador's economic agenda, which includes Bitcoin adoption and IMF monitoring.Sep 5
• Central Bank data reflects national economic activity, driving regional trends and reliance on stablecoin dollarisation in Latin America.Sep 21