dLocal, a leading cross-border payment platform connecting global merchants to emerging markets, has integrated with Circle Payments Network (CPN), operated by Circle Technology Services, LLC, an affiliate of CircleInternet Group, Inc. , to enable seamless payouts across emerging markets. Powered by Circle’s payment stablecoins, USDC and EURC, CPN connects financial institutions to enable real-time settlement of cross-border payments. With dLocal’s deep local infrastructure integrated, CPN participants can seamlessly disburse funds in local currencies across key emerging markets.

Despite advancements in fintech, cross-border payments remain costly and slow, burdening businesses in emerging markets. The World Bank reports a 6.4% average cost to send $200, over twice the UN’s 3% target. 

dLocal’s CPN integration streamlines fund flows and enables remittances and disbursements in emerging markets. dLocal’s expertise and extensive regional payment capabilities provide CPN participants with reduced costs and a reliable user experience for recipients across emerging markets.

“A key driver in the development of Circle Payments Network was creating a new layer for payments to reach emerging markets in a fast and cost-effective way,” said Kash Razzaghi, Chief Business Officer at Circle. “dLocal’s payout offerings throughout emerging markets are crucial to delivering on this promise and creating a more open, digital financial system.”

“This alliance marks a milestone in connecting global stablecoin liquidity with local payment ecosystems,” said John O’Brien, Chief Revenue Officer at dLocal. “By leveraging dLocal’s extensive presence across emerging markets, it enables financial institutions and fintechs to operate more efficiently, reduce costs, and deliver a better experience for businesses sending funds in these high-growth economies.”