- Circle partners with HiFi Bridge enabling USDC B2B payments to Brazil and Hong Kong via its Payments Network (CPN).
- Brazil’s Drex CBDC advances tokenization: Caixa simulates property refinancing, improving efficiency and linking physical-digital assets.
Circle announced a partnership with HiFi Bridge. HiFi Bridge develops tools for managing money between companies. Circle published the news on platform X. The agreement aims to enable business payments to Brazil and Hong Kong using USDC. These payments will flow through Circle’s Payments Network (CPN).
Now Open on Circle Payments Network (CPN): US to Brazil and Hong Kong Payouts@hifibridge is now fully live on CPN.
Their API platform powers B2B and remittance flows from the US to Brazil and Hong Kong with stablecoin settlement built in.
No delays. No bilateral setups. Just… pic.twitter.com/kGqHM7TYSF
— Circle (@circle) July 8, 2025
Coinbase partnered with Matera, a Brazilian fintech firm. This deal allows USDC use in Brazil. Matera integrated USDC directly into its systems. They used their Digital Twin platform and Brazil’s PIX network. This enables instant money transfers.
The partnership focuses on B2B payments
This sector handles large amounts of money. Data from The Business Research Company shows global business payments exceeded $905 billion during 2024. Latin America is a key region for US dollar payments. American companies sent $160 billion there last year. In May alone, Brazil received $330 million in remittances.
Separately, Visa and Kobold implemented the Kob Visa digital platform for B2B payments. Visa stated the platform’s transaction level grew thirty times within one year. Visa also noted most payment senders now use digital channels for transactions.
Brazil Explores Tokenization
Caixa Econômica Federal, a major Brazilian bank, is advancing tokenization using the Drex digital currency. Caixa is working with payments firm Elo. Together, they simulated token transactions with Drex.
The simulation involved a property financed by another bank. Caixa provided financing to the buyer. The test settled the previous loan and transferred ownership. The entire process was recorded on the Drex network.
According to a central bank consultant, tokenization will improve efficiency. It will enhance record reconciliation and transaction tracking. It will also connect physical and digital spaces more effectively.
