Circle Expands USDC On- and Off-Ramps to Eight New Currencies
Circle has expanded its Circle Mint platform to support direct on- and off-ramps for eight local currencies. The company said that foreign exchange is handled within Mint, eliminating the need for a separate conversion step or pre-funding additional accounts.
The supported currencies include USD, EUR, BRL, GBP, HKD, MXN, CNY (offshore), and SGD. According to Circle, customers can activate cross-currency exchange, link a bank account for the local currency side, and register that account for the currency they intend to trade.
Circle notes that settlement uses local payment rails nearly around the clock where supported. However, availability remains subject to jurisdiction and account eligibility.
The update is directed at businesses and eligible Mint customers, including payment providers, financial institutions, and fintechs. Circle emphasizes that Circle Mint is not a bank account and that funds are not protected by FDIC, SIPC, or comparable government insurance.