Last week, Brasil Bitcoin included USDC on its platform. This initiative promises to ease the use of this digital dollar in Brazil’s cryptocurrency market, significantly broadening access to USDC in the country.
USDC is a digital dollar, maintaining a 1:1 parity with the US Dollar. Designed to streamline payments and transfers, it is accessible 24 hours a day, seven days a week.
With a market cap exceeding 30 billion dollars and approximately 150 billion reais, USDC stands as the seventh-largest cryptocurrency in the world, solidifying its position as one of the most reliable and efficient stablecoins.
USDC can be sent across borders in seconds, at costs of a fraction of a cent – save both time and money when transacting. USDC provides a safe and efficient alternative to conventional money but is also a globally accessible payment option, without usage restrictions.
USDC reserve holdings are fully disclosed on a weekly basis, along with associated mint/burn flows. Additionally, an independent accounting firm provides monthly third-party assurance that the value of USDC reserves are greater than the amount of USDC in circulation. This ensures the currency’s stability and reliability.
The listing of USDC on Brasil Bitcoin represents a significant opportunity for the company and its users, combining the need for an established stablecoin with easy access to USDC in Brazil.
With a customer base of 450,000 and an optimized platform, Brasil Bitcoin sees enormous
potential in USDC to meet its users’ needs, especially regarding the use of reliable stablecoins in the national market.
USDC can be used for various purposes at Brasil Bitcoin, thanks to the diversity of features
offered by the company. This includes:
- International Remittances: USDC facilitates sending money abroad, supporting a wide range of payments and investments.
- Trading: Brasil Bitcoin’s platform provides advanced investment resources, enabling effective trading.
- Bill Payments: Innovating in the Brazilian market, Brasil Bitcoin is the first exchange to allow bill payments with cryptocurrencies.
- Pix Payments (coming soon): The company plans to expand its payment solutions, including the use of USDC and other cryptocurrencies for payments through Pix, offering even more speed and convenience.
- Over-The-Counter (OTC): It is possible to trade USDC in large volumes through Brasil Bitcoin’s OTC, without limitations, ensuring the best prices and the lowest spread.
Introducing USDC on Brasil Bitcoin can transform access and utility in Brazil, marking a significant advance for using cryptocurrencies in the country.
