💡 USDC payroll now live across LATAM – saving businesses 99% on transfer fees and paying contractors in seconds.
🌍 GLOBAL, June 18, 2025 –
SigmaRemote launched instant USDC stablecoin payroll across Latin America, eliminating $65+ traditional banking fees and 48-hour payment delays for businesses hiring remote contractors.
The launch targets Latin America's $415 billion crypto market - representing 9.1% of global crypto activity - where 60% of workers remain unbanked but 3 million users already hold USDC through platforms like Lemon.
🏦 Traditional Banking Costs Businesses $1,950+ Per Contractor Annually
SWIFT transfers to LATAM average $65+ per transaction with 48-hour delays
Traditional remittances cost 1.5–2.9% in fees plus extended processing times
Stablecoins settle in seconds for $0.01–$1 per transaction
"Banking infrastructure hasn't caught up to Latin America's digital-first workforce," said Kevin Jaspal, CEO of SigmaRemote.
"While Lemon saw 61% growth in USDC holdings across Argentina, Peru, and Brazil, businesses still lose thousands per contractor on outdated payment rails."
🔗 USDC Stablecoin Infrastructure Delivers 24/7 Settlement
SigmaRemote’s USDC payroll leverages Circle’s regulated stablecoin with $60+ billion in circulation and 1,000+ institutional partnerships.
The solution provides:
✅ Instant settlement: 24/7 payment processing vs. banking business hours
✅ 99% fee reduction: $0.01–$1 blockchain fees vs. 1.5–2.9% SWIFT charges
✅ 20% higher contractor satisfaction: PWC research shows crypto payroll improves retention rates
✅ 5-minute onboarding: WhatsApp/Telegram contractor setup vs. week-long bank account verification
🌎 Strategic Timing Captures $160.9 Billion LATAM Remittance Market
Latin America's remittance market hit $160.9 billion in 2024, representing up to 26% of GDP in countries like El Salvador and Guatemala.
Mexico's Bitso reports 68% of crypto remittance users prefer stablecoins for speed and cost savings.
Regulatory tailwinds create ideal timing:
🇸🇻 El Salvador’s Bitcoin adoption
🇵🇦 Panama’s crypto framework
🇦🇷 Argentina’s inflation-driven USD demand
These shifts pave the way for mass stablecoin payroll adoption across LATAM.
📈 Market Expansion Targets Colombia, Peru, Chile by Q3 2025
SigmaRemote will expand stablecoin payroll to Colombia, Peru, and Chile by Q3 2025, alongside:
AI-powered compliance automation
Contractor classification
Regional tax reporting across 12 LATAM countries
🧠 About SigmaRemote
Founded in 2022, SigmaRemote automates global contractor payments and compliance for businesses hiring internationally. The platform operates remotely, with teams across North America and Latin America.
✅ Ready to Eliminate Banking Fees?
💡 Ready to ditch FX fees and payment delays?
→ Schedule a Demo
→ Explore Our LATAM Crypto Payroll Guide
→ Onboard via WhatsApp in under 5 minutes - no bank account needed
📞 Media Contact
Kevin Jaspal
CEO, SigmaRemote
kevin@sigmaremote.com
🌐 sigmaremote.com/press