COUNTRY FOCUS : BRAZIL
Global FinTech partnering with Brazilian fintech leaders to enable low-cost and streamlined access to USDC .
Circle launches in Brazil digital dollar access
Sao Paulo , Brazil
Circle , a global FinTech and issuer of the leading regulated stablecoin USDC , has announced its official launch in Brazil . initiatives , such as the 2020 introduction of the instant payment platform Pix – which has over 160 million users familiar with digital wallets and efficient financial rails .
This strategic expansion is pitched as marking an opportunity to deliver highly demanded USD-backed digital dollars and digital asset infrastructure to a market at the forefront of fintech innovation and adoption .
Stablecoins currently represent roughly 90 % of the value of the crypto transactions , resulting from leading neobanks and fintechs developing new products to cater to millions interested in transacting with stablecoins .
Circle is partnering with leading regional businesses , including BTG Pactual and Nubank , to launch digital asset products and enable near-instant , low-cost and 24 / 7 access to USDC for their users .
The move comes at a time of exponential fintech adoption resulting from pro-innovation policies and
Circle aims to enhance the Brazilian financial landscape by working with these innovative companies to make digital dollars widely available via USDC .
As part of the market launch , Circle is partnering with BTG Pactual , the largest investment bank in Latin America , to serve as its direct USDC distribution
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