Tether, the company behind the issuance of usdt, the biggest dollar-pegged stablecoin in the cryptocurrency market, has announced its stablecoin will be available at more than 24,000 ATMs in Brazil. Smartpay, a cryptocurrency systems provider, integrated its technology stack with Tecban, an ATM provider in Brazil, to make this possible.
Tether and Smartpay to Bring USDT to the Masses in Brazil
Stablecoins have been of pivotal importance to some countries in Latam, due to their unique economic circumstances. Tether, the biggest stablecoin issuer, is now bringing USDT, its dollar-pegged stablecoin, to the masses in Brazil. The company announced that its token will be available at more than 24,000 ATMs on a national level thanks to the integration that Smartpay, a third-party crypto tech company, has developed with Tecban, an ATM provider. These ATMs will serve customers in 1,000 cities in Brazil.
Now, users of Smartpay services will be able to send and receive USDT using these widely available ATMs, and will also be able to trade their USDT for the Brazilian real, allowing users to save and spend using the system. Previously, the company had also integrated Pix, a Brazilian payment system, with USDT, allowing people to pay with USDT wherever PIX payments are available.