Boost

Bitcoin ETF

USDC

Circle, the issuer of <a href="https://coingape.com/glossary/stable-coins/" target="_blank" rel="noopener noreferrer nofollow">stablecoin</a> USDC, has made significant strides today by announcing its expansion into Brazil through a collaboration with Nubank. This move aims to enhance digital dollar access in a market renowned for its fintech innovation. Notably, Circle’s co-founder and CEO Jeremy Allaire has praised this development, highlighting its potential to transform the Brazilian financial landscape.
<h2 id="circle-announces-brazil-expansion-to-boost-digital-dollar-access">Circle Announces Brazil Expansion To Boost Digital Dollar Access</h2>
Circle’s launch in <a rel="noopener noreferrer nofollow" href="https://www.circle.com/en/pressroom/circle-launches-in-brazil-to-catalyze-digital-dollar-access" target="_blank">Brazil</a> aims to deliver USD-backed digital dollars to a fintech-friendly market. At the Circle Forum in São Paulo, the company announced partnerships with prominent regional businesses, including BTG Pactual and Nubank. Notably, these collaborations will enable nearly instant, low-cost, and 24/7 access to USDC for users.
Meanwhile, Circle’s partnership with BTG Pactual, the largest investment bank in Latin America, will make <a href="https://coingape.com/glossary/usd-coin-usdc/" target="_blank" rel="noopener noreferrer nofollow">USDC</a> widely accessible. According to the announcement, BTG Pactual will distribute USDC to both retail and institutional clients.
Notably, this partnership equips USDC with local banking capabilities, facilitating easy minting and redemption of digital dollars. <a href="https://coingape.com/circle-ceo-jeremy-allaire-predicts-u-s-stablecoin-laws-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Jeremy Allaire</a>, Circle’s co-founder and CEO, emphasized the company’s commitment to positively impacting the Brazilian market and empowering businesses to participate in the global economy with greater ease.
Also Read: <a href="https://coingape.com/mew-price-rallies-18-leading-meme-coins-sector-price-uphold-momentum/" target="_blank" rel="noopener noreferrer nofollow">MEW Price Rallies 18% Leading Meme Coins Sector, Price To Uphold Momentum?</a>
<h2 id="collaboration-with-nubank">Collaboration With Nubank</h2>
Nubank, the world’s largest digital banking platform outside Asia, serves over 100 million customers across Brazil, Mexico, and Colombia. Last year, Nubank partnered with <a href="https://coingape.com/circle-eyes-france-as-its-eu-mica-regulatory-headquarter-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Circle</a>, resulting in over 200,000 customers transacting with USDC in the region. Notably, this partnership marks a significant milestone for Nubank and its customers, who are increasingly seeking digital dollars to protect against inflation and diversify their portfolios.
Meanwhile, Thomaz Fortes, General Manager of Nubank Crypto, expressed enthusiasm for the collaboration. He highlighted the growing demand for digital dollars among Nubank’s customers and the potential for future applications.
With USDC, Nubank aims to enhance security, transparency, and diversification for its users, contributing to the democratization of digital assets and the future of digital financial transactions. Notably, Circle’s expansion into Brazil is a strategic move to support the global demand for digital products and services.
By partnering with key players like Nubank and BTG Pactual, Circle is poised to make digital dollars widely available in Brazil, aligning with the country’s fintech-forward ecosystem. This initiative underscores the transformative potential of <a href="https://coingape.com/glossary/blockchain/" target="_blank" rel="noopener noreferrer nofollow">blockchain technology</a> in reshaping the financial industry.
Also Read: <a href="https://coingape.com/ethereum-etf-to-grab-only-20-of-spot-bitcoin-etf-flows/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETF To Grab Only 20% Of Spot Bitcoin ETF Flows</a>
The post <a href="https://coingape.com/usdc-issuer-circle-expands-brazil-with-nubank-collaboration/" rel="noopener noreferrer nofollow">USDC Issuer Circle Expands To Brazil With Nubank Collaboration</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

USDC Issuer Circle Expands To Brazil With Nubank Collaboration

Table of Contents

Coingape News Media

Other articles published on May 29, 2024

MoonBag Coin Bedazzle Investors with Its Performance While Dogeverse and Fetch AI Struggle to Cat...

Bitcoin Investors Resist Selling Despite High Prices

PEPE Token Shows Significant Growth in May

AI Trading Bots: A New Billion Dollar Niche That Bitbot’s Ready to Rule

Rumours About MoonBag on Coinbase May End Shiba Inu and Floki’s Happy Times

Crypto-Like Bubble Possible In AI Says Nobel Laureate Romer, AI Coins To Suffer?

Join our free newsletter for daily crypto updates!