Circle Enters Brazil As BTG Pactual And NuBank Tap USDC
Circle, the issuer of stablecoin USDC, has announced its launch in Brazil through a partnership with regional businesses like BTG Pactual and Nubank.
The move is in response to Brazil’s growing adoption of the emerging asset class, which currently represents roughly 90% of crypto transactions.
The introduction of instant payment platform Pix in Brazil has accelerated the adoption of innovative banking and payment approaches, with over 160 million users familiar with digital wallets and efficient financial rails.
BTG Pactual, the largest investment bank in Latin America, will serve as the direct USDC distribution partner in Brazil, providing USDC to existing retail and institutional clients and onboarding new clients.
The collaboration will equip USDC with local banking rail capabilities for near-instant and low-cost access for businesses to mint and redeem digital dollars. Circle is committed to positively impacting the Brazilian market and partnering with key stakeholders to empower businesses to participate in the global economy with greater ease and efficiency.
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