Nubank, backed by Warren Buffett, has teamed up with Circle and Talos to expand crypto access and adoption in Brazil, adding 11 new cryptocurrencies to its Nubank Cripto platform this year.
The collaboration with Circle introduces the stablecoin USDC on the Nubank Cripto app, aiming to increase digital dollar access in Brazil and potentially integrate with Nubank's broader banking services.
Circle's CEO, Jeremy Allaire, noted a strong demand for dollar access in Latin America, especially in Brazil, which is a key region for digital currency use and adoption.
The partnership with Talos, a leading digital asset trading technology provider, is designed to reduce trading costs for Nubank customers purchasing crypto with Brazilian reais.