TechFlow News — Circle, the issuer of USDC, has announced a partnership with Brazilian digital bank Nubank to offer USDC services to users in Brazil. In the first phase, users of Nubank Cripto, Nubank's cryptocurrency trading service, will be able to buy and hold digital currencies using USDC. Future plans include integrating additional blockchain-based financial services within Nubank Cripto.
"We continue to see strong demand across Latin America for access to the U.S. dollar, particularly in Brazil, which has become a driver of cryptocurrency usage and adoption in the region," said Jeremy Allaire, CEO and co-founder of Circle. "Our collaboration with Nubank marks a significant milestone in expanding USDC’s global reach and represents an important step toward building a new internet-based financial system."
Nubank, founded in 2013 and headquartered in Brazil, is one of Latin America’s largest digital banks, serving 90 million customers across Brazil, Mexico, and Colombia.
