According to Odaily, Circle, the issuer of the stablecoin USDC, has officially launched in Brazil. The announcement was made at the Circle forum in São Paulo. This strategic expansion signifies the opportunity to provide the market with dollar-backed digital dollars and digital asset infrastructure.
Circle is collaborating with regional companies in the area, including BTG Pactual, Latin America's largest investment bank, and Nubank. The aim is to introduce digital asset products and enable users to access USDC almost instantly, at low cost, and round the clock. This move marks a significant step in expanding the reach of digital assets and providing more financial options to the people of Brazil.