Stablecoin payouts in Latin America can turn USDC into reais or pesos in a recipient's bank account within minutes, because Pix in Brazil, SPEI in Mexico, and Bre-B in Colombia all settle instantly around the clock. 
Bridge, part of Stripe, and Mural Pay publish the most complete documentation for paying out in Mexico, Brazil, and Colombia from a stablecoin balance, and Bitso Business is the strongest option based in the region.
Circle Payments Network and dLocal suit regulated institutions and large platforms, and BVNK, now owned by Mastercard, began paying out in five Latin American currencies in November 2026. In Brazil, whichever provider you use, the entity that converts your stablecoins now needs the central bank's authorisation, or must have applied in time.
Nine Providers for Latin American Payouts
Coverage below comes from each provider's website and developer documentation, checked in November 2026.
| Provider | What It Is | Payout Countries | Rails Named | Funding |
|---|---|---|---|---|
| ProviderBridge (Stripe) | What It IsStablecoin API, part of Stripe | Payout CountriesMexico, Brazil, Colombia | Rails NamedSPEI, Pix, Bre-B, bank transfer | FundingUSDC, USDT, USDB, PYUSD, and others |
| ProviderBitso Business | What It IsBusiness arm of a Latin American exchange | Payout CountriesMexico, Brazil, Colombia, Argentina, Chile | Rails NamedSPEI, Pix, Bre-B, PSE, CBU/CVU | FundingUSDC, USDT; MXNB peso stablecoin |
| ProviderMural Pay | What It IsPayout API for platforms | Payout CountriesMexico, Brazil, Colombia, Argentina, Chile, Peru, Bolivia, Costa Rica | Rails NamedSPEI, Pix, Bre-B, ACH, CBU/CVU, bank transfer | FundingUSDC; USDT on request |
| ProviderdLocal | What It IsEmerging-market payments company | Payout Countries17 Latin American countries | Rails NamedLocal bank transfer and wallets | FundingUSD, EUR, USDC, USDT |
| ProviderCircle Payments Network | What It IsNetwork of financial institutions | Payout CountriesBrazil, Mexico, Colombia | Rails NamedPix, SPEI, ACH, Nequi | FundingUSDC, EURC |
| ProviderConduit | What It IsB2B cross-border payments | Payout CountriesMexico, Brazil | Rails NamedSPEI, Pix | FundingUSDC, USDT, USDH |
| ProviderBVNK (Mastercard) | What It IsStablecoin payments infrastructure | Payout CountriesMexico, Brazil, Argentina, Colombia, Chile | Rails NamedDomestic rails via Mastercard Move | FundingStablecoin balances |
| ProviderBorderless | What It IsRouting network of local providers | Payout CountriesMexico, Brazil, Argentina, Colombia, Chile | Rails NamedPartners' local rails | FundingDepends on the partner |
Provider Wirex | What It IsCard issuer with business payouts | Payout CountriesBrazil, Mexico, Colombia | Rails NamedPix, SPEI, Colombian peso corridor | FundingBusiness account balances |
How Stablecoin Payouts in Latin America Work
The business funds the provider in USDC, USDT, or USD, the provider or a licensed local partner sells the stablecoins for local currency, and the pesos or reais go out over the domestic rail to whatever the recipient gave you: a Pix key, an 18-digit CLABE, a Bre-B key, or an Argentine CBU or CVU.
The alternative is to pay recipients in stablecoins and let them convert. Stripe, for example, sends USDC to wallets in more than 160 markets, including Argentina, Brazil, Colombia, and Mexico, in a public preview for US businesses.
The last mile is often shared. BVNK and Ripple both pay out through Bitso's local rails, Félix Pago uses dLocal, and Wirex routes Pix and SPEI through Circle Payments Network, so ask who actually holds the licence and sends the pesos. Our look at the vendors behind stablecoin neobanks shows the same pattern on the card side.
Local Payout Rails in Latin America
The region's instant rails are run or mandated by central banks, which is why a stablecoin can reach a recipient in minutes once it is converted:
| Country | Rail | Run By | Availability | Recipient Identifier |
|---|---|---|---|---|
| CountryBrazil | RailPix | Run ByBanco Central do Brasil | AvailabilityInstant, 24/7 | Recipient IdentifierPix key: CPF or CNPJ, phone, email, or random key |
| CountryMexico | RailSPEI | Run ByBanco de México | AvailabilityReal time, 24/7 | Recipient Identifier18-digit CLABE |
| CountryColombia | RailBre-B | Run ByBanco de la República | AvailabilityInstant, no operating hours | Recipient IdentifierBre-B key (llave): ID number, phone, email, or alphanumeric key |
| CountryColombia | RailACH | Run ByACH Colombia | AvailabilityNext day or later | Recipient IdentifierBank account number |
| CountryArgentina | RailImmediate transfers | Run ByBanks and wallets, under BCRA rules | AvailabilityImmediate, 24/7 | Recipient IdentifierCBU (bank), CVU (wallet), or alias |
Pix, launched in November 2020, is free for individuals. Banxico has run SPEI since 2004, and a peso virtual account is simply an 18-digit CLABE that receives SPEI transfers.
Colombia's Bre-B went into full operation on 6 October 2025. In its first year it handled more than 1.7 billion transfers worth COP 262.5 trillion, with 245 participating institutions, according to Banco de la República. Bridge sends payouts above Bre-B's COP 11,552,000 cap as ordinary bank transfers, which take longer. PSE, which some providers list, is ACH Colombia's service for paying online from a bank account: a collection rail, not a payout one.
In Argentina, central bank rules (BCRA Communication A 7153) have required immediate transfers to run 24 hours a day between bank accounts (CBU) and wallet accounts (CVU) since 2020, and wallets must read any bank's payment QR code. Fewer payout providers cover Argentina than Mexico or Brazil.
Why USD Stablecoins Took Off in Latin America
Stablecoins give people a USD balance without a US bank account. USD stablecoins made up 40% of crypto purchases in Latin America in 2025, more than twice Bitcoin's 18%, according to Bitso's analysis of nearly 10 million users in Argentina, Brazil, Colombia, and Mexico. From July 2024 to June 2025, stablecoins made up more than half of exchange purchases made with Argentine pesos, Colombian pesos, and Brazilian reais, Chainalysis found. In Argentina, years of inflation and currency controls built the habit, which outlasted the April 2025 easing of USD purchases for individuals.
So a freelancer in Buenos Aires may want part of a payment in USDC, while a supplier in Monterrey needs pesos for payroll. The best providers let you choose per recipient.
Remittances add demand: Mexico received $61.8 billion in 2025, according to Banxico data. Since 1 January 2026, the US has charged a 1% tax on remittances, but only on transfers funded with cash, money orders, cashier's cheques, or similar physical instruments. Transfers funded from a bank account or card fall outside it.
Regulation: Brazil Rewrote the Rules in 2026
Brazil
The central bank's Resolutions 519, 520, and 521, in force since 2 February 2026, set up a licence for virtual-asset service providers. Firms already operating had until 30 October 2026 to apply and can keep operating during review. Resolution 521 brings into the FX market international payments made with virtual assets, buying and selling fiat-referenced tokens such as stablecoins, and transfers to and from self-custodied wallets. Virtual-asset providers face a US$100,000 limit on international transfers whose counterparty is not authorised to operate in FX.
Since 1 October 2026, eFX providers, the firms licensed to offer international payment services, may not use virtual assets to settle with foreign counterparties. From 6 November 2026, authorised institutions may not deal with virtual-asset providers that are not authorised in Brazil, except as the rules expressly allow. So ask which Brazilian entity converts your stablecoins, and whether it applied in time.
Mexico
Since 2019, Banxico has barred banks and fintech institutions from offering virtual-asset services to their clients. Exchanges and payout companies convert stablecoins, and the pesos go out over SPEI through a licensed entity: Bitso's SPEI access, for example, runs through NVIO Pagos México, a CNBV-authorised electronic payment funds institution.
Argentina
Providers serving Argentine users must register with the CNV as virtual-asset service providers. Under rules published in March 2025, foreign providers with a local nexus, such as an .ar domain or local payment arrangements, must register through a local company or branch, with full requirements applying from 31 December 2025.
Colombia
From tax year 2026, crypto-asset providers report their users and transactions to the tax authority, DIAN, under the OECD reporting framework it adopted in December 2025. The first reports are due in May 2027.
Who Pays Out Where in Latin America
Bridge (Stripe)
Bridge's API pays out Mexican pesos over SPEI, Brazilian reais over Pix, and Colombian pesos over Bre-B, with larger Colombian transfers sent as bank transfers. It also issues virtual accounts in the same currencies, with a CLABE in Mexico and a Bre-B key in Colombia. Each rail needs its own approval, which Bridge calls an endorsement. Argentina is not among its fiat routes.
Stripe's own Global Payouts can send a USDC balance to bank accounts in ARS, BRL over Pix, COP, and MXN over SPEI, in a private preview for US businesses.
Suits: US platforms and fintechs that want collections, balances, and payouts from one provider.
Bitso Business
Bitso Business covers six countries from one integration: Mexico, Brazil, Colombia, Argentina, Chile, and the US. It names SPEI, Pix, Bre-B, PSE, and CBU and CVU transfers, and funds peso payments from USDC or USDT. Juno, a Bitso company, issues MXNB, a peso stablecoin minted over SPEI, and Bitso Business also supports BRL1, a real-backed stablecoin.
Other providers build on Bitso. BVNK partnered with it for Latin American payouts in August 2025, and Ripple expanded its partnership in June 2026, citing existing MXN and COP payout flows.
Suits: businesses that want a provider based in the region, with peso and real stablecoins as well as USD ones.
Mural Pay
Mural Pay publishes the widest documented rail coverage in this comparison: SPEI in Mexico, Pix in Brazil, Bre-B or ACH in Colombia, CBU and CVU transfers in Argentina, and bank transfers in Chile, Peru, Bolivia, and Costa Rica. Its docs promise same-day delivery across the region, with Argentine and Mexican payouts in under 10 minutes. Payouts are funded in USDC by default, with USDT on request.
Mural is registered with FinCEN and holds US state money transmitter licences. It raised a $15 million Series A led by Tether in October 2026, and names Deel among its customers.
Suits: payroll, contractor, and creator platforms paying many people across the region.
dLocal
dLocal says it has local rails in 17 Latin American countries and that payouts can be funded in USD, EUR, or stablecoins. It is also the local last mile for other stablecoin companies: it joined Circle Payments Network as a payout partner in November 2025, and pays out for Félix Pago and BVNK.
Suits: large platforms and enterprises with volume in several countries.
Circle Payments Network
Circle Payments Network (CPN), still in beta, lists Pix and SPEI payouts in about five minutes, Colombian pesos over ACH in one to two days or to Nequi wallets in about five minutes, and only USD wires for Argentina and Chile.
Suits: banks, payment companies, and fintechs. Other businesses reach CPN through a member such as dLocal or Wirex.
Conduit
Conduit handles B2B cross-border payments and names Pix and SPEI among its rails, funded in USDC, USDT, or USDH. It joined CPN as an originating institution in May 2025. Conduit is registered with FinCEN and FINTRAC and does not state a Latin American licence.
Suits: importers, treasury teams, and fintechs moving larger B2B amounts into Mexico and Brazil.
BVNK
On 11 November 2026, BVNK launched payouts from stablecoin balances to local bank accounts over Mastercard Move, in 11 currencies including MXN, BRL, ARS, COP, and CLP, and plans more than 40 currencies in 2027.
Suits: businesses that hold stablecoin balances and want a payout network backed by a card network. Ask for delivery times per country.
Borderless
Borderless routes payouts to licensed local providers through one API, and lists MXN, BRL, ARS, COP, and CLP. Its named partners in the region include Bitso, Cobre, and Koywe, and 
Tazapay added Brazil, Mexico, and Colombia in September 2026.
Suits: platforms that want redundancy or price competition between local providers.
Wirex
Wirex, a card issuer, routes Pix and SPEI through Circle Payments Network and a Colombian peso corridor through Triple-A. It does not list Argentina or Chile.
Suits: card programs that want payouts, virtual accounts, and FX in the same integration as the card.
Other Providers to Know
Rain, a card issuer, lists local payouts over ACH, Fedwire, and SPEI, with more than 80 countries covered.- Ripple Payments names Brazilian customers including Banco Genial, Braza Bank, and Nomad, and said in March 2026 that it plans to apply for a Brazilian licence.
- Kira, a Miami-based startup with teams in Mexico and Colombia, sells an API for cross-border payments and USD accounts.
- Félix Pago sends remittances from the US over WhatsApp, using Bridge for USDC and dLocal for local payouts. It is a consumer service, not a payout API.
Our comparison of stablecoin orchestration platforms covers the background and wider coverage of Bridge, BVNK, Conduit, Borderless, and Circle Payments Network.
How to Choose a Stablecoin Payout Provider for Latin America
- Coverage beyond Mexico and Brazil. Pix and SPEI are widely covered. Colombia over Bre-B and Argentina over CBU and CVU narrow the field.
- Brazilian authorisation. Ask which entity converts your stablecoins, whether it applied for the central bank's licence by 30 October 2026, and how it handles the US$100,000 cap.
- Funding asset. Most providers take USDC. If you hold USDT, MXNB, or BRL1, check for a direct route.
- Speed and limits. Pix, SPEI, and Bre-B are instant, but ACH Colombia takes a day or more, and Bre-B has a per-transfer cap.
- Recipient choice. Decide whether recipients get local currency, a USD balance, or stablecoins in their own wallet.
Our other regional comparisons cover stablecoin payouts in the US, Europe, Asia, Africa, and the Middle East.