Case Study: Félix reduces US-to-Mexico remittance costs with Circle USDC

Félix cuts remittance costs 40% with Circle

Circle, a financial technology company, partnered with Félix, a service provider for immigrants sending money from the US to Mexico. Félix faced the challenge of high costs and slow settlement times associated with traditional cross-border payment methods like the SWIFT network, which burdened both the company and its customers.

Circle's solution involved the use of its USDC stablecoin to streamline the remittance process. By integrating USDC, Félix significantly reduced transfer times and eliminated the need for expensive pre-funding. This allowed Félix to decrease the rate it offered users by 40% while simultaneously increasing its own profitability, demonstrating a measurable improvement for both the customer and the vendor.

Felix