Blockchain.com expands into Brazil with institutional stablecoin payment infrastructure.
Article excerpt
Highlighted: the sentence this signal was extracted from
Blockchain.com expands into Brazil with institutional stablecoin payment infrastructure. Blockchain.com has launched an institutional cross-border payments service in Brazil, targeting corporate clients that need faster and cheaper access to US dollar settlement than traditional banking systems typically provide. The firm, which serves hedge funds, market makers, corporations, and high-net-worth clients globally through brokerage, liquidity, custody, and market infrastructure services, is positioning the expansion as a response to growing corporate demand for stablecoin-based treasury and payment solutions in Latin America's largest economy. To lead the effort, Blockchain.com has appointed Fabrizio Spada as General Manager of Brazil, a financial payments professional who will also oversee trading across Latin America. Fabrizio Spada, General Manager of Brazil, Blockchain.com said: "We're seeing growing demand from businesses that want the speed and efficiency of digital assets without the complexity traditionally associated with crypto. Our role is to provide compliant, secure, and scalable infrastructure that allows institutions to move capital globally with confidence." The platform routes and settles international transfers using stablecoins, including USDC and USDT, automatically selecting settlement infrastructure based on the transfer's origin and destination...
Keep reading with a free account
The rest of this article, and every signal for Blockchain.com, is in your free account.
