USDC Issuer Circle Goes Live in Brazil

Circle, the issuer of the leading regulated stablecoin, USDC, has extended its footprints into Brazil, in a move to deliver highly demanded USD-backed digital dollars and digital asset infrastructure to the market.

This expansion is part of Circle's strategy to support the growing demand for digital products and services worldwide. 

According to Circle's announcement, the company is collaborating with leading businesses in Brazil, 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. 

"We are committed to making a positive impact in the Brazilian market and partnering with key stakeholders to empower businesses to participate in the global economy with greater ease and efficiency," said Jeremy Allaire, Co-Founder and CEO at Circle. "There are many powerful opportunities on the horizon when Brazil’s fintech-forward ecosystem converges with the world’s most accessible dollar platform."

"We are proud to be the first bank to issue a security token and a USD stablecoin in the world and also the first bitcoin fund by a financial institution in Brazil," said André Portilho, Head Digital Assets at BTG Pactual. "Our partnership with Circle is a testament to our belief that blockchain technology will form the new infrastructure of the financial industry. These milestones underscore our dedication to pushing the boundaries and shaping the future of digital assets."

"Our partnership with Circle marks a significant milestone for Nubank and the access to digital dollars in Brazil," said Thomaz Fortes, General Manager of Nubank Cripto. "We are glad to partner with Circle to help democratize access to the world of digital assets and contribute to the future of digital financial transactions. We believe that there's a new generation of financial infrastructure coming, and we´re ready for it."

In February, Circle unveiled its plans to partner with Tokyo based Coincheck, Inc.​, part of Monex Group, Inc and a Japanese bitcoin wallet and exchange service, to expand the usage of USDC in the Japanese market.