Circle Mint Expands USDC On- and Off-Ramps to Eight Local Currencies
Circle has expanded its Circle Mint service to support direct on- and off-ramps for eight local currencies, making it easier for businesses and eligible customers to exchange USDC.
The supported currencies include USD, EUR, BRL, GBP, HKD, MXN, CNY (offshore), and SGD. This move eliminates the need for a separate conversion step or pre-funding additional accounts, as foreign exchange is handled directly within Mint.
Circle explains that customers can activate cross-currency exchange, link a bank account for the local currency side, and register that account for the intended trade. Each transaction involves a quote, trade, and settlement process, with USDC arriving in the Mint balance after conversion.
The update is directed at businesses and eligible Mint customers, including payment providers, financial institutions, and fintechs. However, Circle notes that Circle Mint is not a bank account and funds are not protected by FDIC, SIPC or comparable government insurance.