ChainCatcher reported that according to the official blog, at the Circle Forum in Sao Paulo today, Circle, the issuer of the stablecoin USDC, announced its official launch in Brazil. This strategic expansion marks an opportunity to provide the market with a digital dollar and digital asset infrastructure backed by the U.S. dollar.

Circle is working with regional companies in the region, such as BTG Pactual (the largest investment bank in Latin America) and Nubank, to launch digital asset products and enable users to access USDC almost instantly, at low cost, and around the clock.