Circle and Nubank have joined forces to offer access to USDC and other cryptocurrency products to 85 million consumers in Brazil. USDC, a leading dollar stablecoin certified by Circle, serves as the initial step towards their shared objectives.

Nubank, a prominent digital financial platform serving 90 million customers across Brazil, Mexico, and Colombia, will integrate USDC funding into its Nubank Crypto platform. This integration will enable Brazilian users to acquire and store digital currencies. Additionally, future integration with Nubank's broader digital banking platforms will offer clients USDC-enhanced financial solutions.

Jeremy Allaire, CEO and co-founder of Circle, highlights the importance of connecting with dollars in Latin America, especially in Brazil, where digital currency adoption is growing. The partnership with Nubank aims to expand USDC's global presence and establish it as a new internet financial mechanism.

Both organizations share a commitment to educating the Brazilian market about USDC. They aim to promote USDC as a secure and transparent method for digital transactions at low costs. Nubank's crypto platform includes educational materials about digital currencies to empower users to make informed financial decisions.

Thomaz Fortes, General Manager of Nubank Crypto, emphasizes that the integration of USDC offers enhanced options for clients in need of digital dollars. Circle and Nubank are exploring potential integration opportunities to expand Nubank Crypto's range of financial solutions within their application.