USDT, the world’s highest market cap stablecoin, is active at more than 24,000 ATMs across Brazil.
Tether announced that USDT has more than 24,000 USDT available across Brazil as of November 3. SmartPay ATMIt has been announced that it will become available in . SmartPay’s USDT integration into their ATMs will help millions of people’s digital currency ecosystem and new to the financial revolution It is thought that it will provide opportunity and access to
Thanks to the USDT integration provided at SmartPay ATMs, users will be able to transfer their USDT assets whenever they want, reaisThey can shoot.
In Brazil, which has a large market volume for the use of cryptocurrencies, there is already a significant use of USDT on different wallets and exchanges. Recent data, when it comes to transferred value USDT is one of the most used cryptocurrencies in the country shows that. in August in 79,836 transactions using USDT More than $1.4 billion It was reported that the transfer was made and the average volume of approximately 18,000 dollars was reached per transaction.
Tether CTO Paolo Ardoino He made the following statements about the news in question:
The challenges and limitations of inflation and a non-inclusive financial system have prevented most Brazilian citizens from participating in the country’s growing economy. Brazil offers the opportunity to include more people in the financial system. This integration will bring major changes not only in the payments sector, but in the entire Brazilian financial ecosystem.
of Instituto Locomotiva January 2021According to a study in Brazil, 34 million adults still do not have a bank account. This integration of Tether is expected to attract more users to both the crypto ecosystem and Brazil’s economy.