Case Study: Codexa achieves programmable USDC settlement for international trade with Circle Mint and USDC

Codexa moves $800M monthly in programmable USDC settlement with Circle

Codexa, a Brazilian foreign-trade platform, needed institutional digital asset infrastructure to support growing stablecoin demand. Their challenge was to integrate programmable stablecoin settlement into their regulated platform without adding operational complexity or burden. They partnered with vendor Circle to use its USDC stablecoin and Circle Mint service.

Circle provided Codexa with direct API access to mint and redeem USDC, enabling the automation of settlement operations that were previously manual. This solution allowed Codexa to launch new payment infrastructure in under a month. The results were significant, with monthly transaction volume growing to over $800 million, 20% of which was settled via stablecoins. Circle's solution gave Codexa's customers a faster, more flexible settlement rail they could trust.

Codexa