Stablecoin issuer Circle, responsible for USDC with a market capitalization exceeding $32 billion, is expanding into Latin America by launching in Brazil. At the Circle Forum Sao Paulo, Circle announced a partnership with BTG Pactual, Latin America's largest investment bank, making it an official USDC distributor in Brazil. This partnership enables institutions and individuals to access USDC through the bank's services. Circle CEO Jeremy Allaire expressed the company's aim to facilitate easier and more efficient participation in the global economy for Brazilian businesses.