DeepNewz Markets

Circle Launches USDC Operations in São Paulo with Nubank, BTG Pactual, and Web3 Builders

May 29, 2024, 01:16 PM

Circle has officially launched its operations in Brazil, marking a significant expansion into one of the world's largest and most innovative markets. The launch, which took place at the Circle Forum in São Paulo, includes partnerships with prominent local entities such as Nubank, BTG Pactual, and Web3 Builders. This move aims to leverage Circle’s Developer Platform to introduce the Programmable Wallet and expand the use of USDC in Brazil. The strategic initiative is expected to boost fintech innovation and adoption in the region, enhancing the global economy with open programmable money. Circle, a USDC issuer, is increasing its footprint in Brazil by partnering with LatAm investment bank BTG Pactual.

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Markets

BTG Pactual to launch a new investment fund using USDC by mid-2025?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Yes • 50%

No • 50%

Press releases or official announcements from BTG Pactual

BTG Pactual to launch USDC-based investment fund by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

No • 50%

Yes • 50%

Press releases and regulatory filings from BTG Pactual

Nubank to integrate USDC as primary currency by mid-2025?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements from Nubank and relevant financial news outlets

Number of Web3 projects using USDC in Brazil doubles by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Yes • 50%

No • 50%

Industry reports or news articles on Web3 project counts

USDC to overtake BRL in daily transactions by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

No • 50%

Yes • 50%

Transaction volume reports from major financial news outlets or digital transaction tracking services

USDC transaction volume with Nubank exceeds $500 million by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Yes • 50%

No • 50%

Public financial reports from Nubank or Circle

Will BTG Pactual integrate USDC for its clients by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Yes • 50%

No • 50%

BTG Pactual's official financial reports or press releases

Will Circle's Programmable Wallet be adopted in Brazil by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Yes • 50%

No • 50%

Circle's official press releases or financial reports

Will Nubank customers adopt USDC by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

No • 50%

Yes • 50%

Nubank's official financial reports or press releases

Adoption rate of Programmable Wallet in Brazil by end of 2024

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Moderate • 33%

Low • 33%

High • 33%

Surveys and usage reports from technology and financial services analysts

Highest USDC transaction volume partner by end of 2024

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

BTG Pactual • 33%

Nubank • 33%

Both equal • 34%

Financial disclosures or public financial reports from Nubank, BTG Pactual

Impact of USDC launch on fintech innovation in Brazil by end of 2025

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

High Impact • 33%

Low Impact • 34%

Moderate Impact • 33%

Fintech industry analysis reports, academic studies

Leading digital currency in Brazil by end of 2024

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Ethereum • 33%

Bitcoin • 33%

USDC • 33%

Reports from Brazilian Central Bank and major financial analytics firms

Leading sector in USDC adoption in Brazil by end of 2024

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Banking • 25%

Other • 25%

Fintech Startups • 25%

Real Estate • 25%

Industry reports, market analysis, and news sources

Market reaction to Circle's Brazil expansion after six months

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Neutral • 33%

Positive • 33%

Negative • 33%

Market analysis and financial reports

What will be the total value of USDC transactions in Brazil by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

$1 billion - $5 billion • 33%

More than $5 billion • 33%

Less than $1 billion • 33%

Circle's official financial reports or press releases

Which sector will be the key adopter of USDC in Brazil by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

Technology • 33%

Retail • 33%

Finance • 33%

Circle's official press releases or financial reports

Who will be the most active partner in Circle's USDC operations in Brazil by end of 2024?

Circle•Brazil•Circle Forum•São Paulo•Nubank•BTG Pactual•Web3 Builders•Programmable Wallet•USDC•LatAm

Resolution / Starting Odds

BTG Pactual • 33%

Nubank • 33%

Web3 Builders • 33%

Circle's official press releases or financial reports

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