Crypto Payments Firm RedotPay Enlists Circle Payment Network in Brazil

Hong Kong-based RedotPay, a crypto payment fintech serving over four million users, has partnered with stablecoin issuer Circle’s new payment network (CPN), to take the headache out of Brazil’s cross-border transactions.The CPN collaboration means RedotPay users can now send cryptocurrency directly to Brazilian bank accounts, with funds automatically converted into Brazilian Real (BRL) upon arrival, the companies said on Monday.Stablecoins for payments are growing rapidly, with various estimates about the potential market size for blockchain rails and dollar-pegged tokens. Circle, issuer of the second-largest stablecoin, USDC, introduced the CPN in April, to capture some of the cross-border payments and remittances space source: https://www.coindesk.com/business/2025/06/02/crypto-payments-firm-redotpay-enlists-circle-payment-network-in-brazil