Brazil

Brazil

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Why Brazilians Are Turning to Stablecoins Like Tether

Amid high inflation and a steady devaluation of the Brazilian real, locals tripled the traded volume of stablecoins in 2021.

Brazilian flag (Mateus Campos Felipe/Unsplash)

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Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition

2TM, the holding company for Mercado Bitcoin, acquired CriptoLoja, Portugal’s first licensed crypto exchange, as step one in its plans to expand into Europe.

Roberto Dagnoni, CEO y presidente ejecutivo de 2TM Group, la empresa holding de Mercado Bitcoin. (2TM)

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Latin American Crypto Exchange Bitso to Sponsor São Paulo Football Club

The three-year partnership with the team will enable fans to purchase tickets and merchandise with cryptocurrencies.

Hernanes #15 (center) of Sao Paulo celebrates with his teammates after scoring a goal at the Morumbi stadium on Aug. 30, 2020, in Sao Paulo, Brazil. (Alexandre Schneider/Getty Images)

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Brazilian Crypto Asset Manager Hashdex Pursues US Expansion Following 2 Key Hires

The firm is adding staff for its U.S. operation and created the positions of head of corporate communications and chief of staff.

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Brazil Stock Exchange B3 Plans to Enter Crypto Market in 2022: Report

The country’s only exchange is evaluating opportunities in asset tokenization and digital asset custody, and it also plans to launch a crypto ETF.

Brazilian flag (Mateus Campos Felipe/Unsplash)

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E-Commerce Giant Mercado Libre Taps Paxos to Power Crypto Service in Brazil

Mercado Libre, Latin America’s largest e-commerce company by market value, is integrating Paxos’ blockchain infrastructure to allow users in Brazil to buy, sell and hold cryptocurrencies, including bitcoin, ether, and the USDP stablecoin. "The Hash" hosts discuss the latest initiative accelerating mainstream adoption of crypto and stablecoins across Brazil and the world.

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Brazilian Crypto Unicorn 2TM Raises $50M in Series B Round Extension

10T and Tribe Capital were among the latest investors in the new closing of the funding round, which was initially $200 million.

Roberto Dagnoni, 2TM CEO; Reinaldo Rabelo, Mercado Bitcoin CEO; Mauricio Chamati and Gustavo Chamati, 2TM co-founders (2TM)

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Brazil’s Largest Crypto Exchange Owner Plans Latin American Acquisitions: Report

2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, is looking to become a leading provider of blockchain infrastructure services in Latin America.

Roberto Dagnoni, CEO y presidente ejecutivo de 2TM Group, la empresa holding de Mercado Bitcoin. (2TM)

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Brazil’s Central Bank to Launch CBDC Pilot in 2022: Report

The final version of the central bank digital currency is expected to come in 2024.

Central Bank of Brazil (CoinDesk Archive)

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Latin American E-Commerce Giant Mercado Libre to Enable Crypto Investments in Brazil

Mercado Libre users will be able to access crypto buying, selling and custodial services starting this week.

A MercadoLibre distribution center