PANews May 29th news, according to the official blog, today at the São Paulo Circle Forum, Circle, the issuer of the stablecoin USDC, announced its official launch in Brazil. This strategic expansion signifies an opportunity to provide a digital dollar and digital asset infrastructure with USD support to the market. Circle is partnering with BTG Pactual (Latin America's largest investment bank) and other regional enterprises such as Nubank to launch digital asset products and enable users to access USDC almost instantly, at a low cost, and around the clock.

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Brazil's largest lenders have expressed their support as the central bank prepares to launch a digital version of the Brazilian currency, according to Golden Finance. Itau Unibanco, BTG Actual and Santander Brasil are all increasing their staff and resources in preparation for the nationwide rollout of the digital Brazilian Real (Drex). The banks said the supporting blockchain platform will boost the digital asset market in Latin America's largest economy. Drex is expected to launch in 2024 and plans to test the digital currency among the population by the end of 2024.

PANews reported on October 3 that Cointelegraph reported that BTG Pactual, a major Brazilian investment bank, is acquiring cryptocurrency-friendly brokerage Orama as part of its strategy to expand the bank’s digital platform. BTG Pactual has signed an agreement to purchase 100% of Orama's shares for BRL 500 million (USD 98.7 million). The acquisition is subject to necessary regulatory approvals from authorities, including Brazil’s central bank. It is reported that Orama was established in 2011 and is said to have assets under custody of nearly 18 billion reais (approximately US$3.6 billion) and provides services to approximately 360,000 customers. Orama focuses on the distribution of investment funds and fixed income products, but has also been exploring cryptocurrency investments.

Golden Finance reported that on September 27, the Western Digital Trading Center Digital Asset (Consumption Points) Platform Launch Conference was held in Jiangbei, Chongqing. At the meeting, the digital asset (consumption points) platform of the Western Digital Trading Center was officially launched, and a consumption points exchange system was also launched. The platform has established a free exchange mechanism for consumption points, established point exchange agreements and standards with scarce point resources such as personal pensions, BTG Home Inns, and the National Sports Lottery, and pioneered a free exchange model for consumption points in the western region. According to reports, the consumption points redemption system will integrate enterprise consumption points resources such as clothing, food, housing, transportation, entertainment, shopping, and travel, open up the redemption path of consumption points at retail terminals, and realize cross-platform, cross-industry, and cross-platform consumption points for individuals and enterprises. Free exchange across regions. The Western Digital Trading Center was established and put into operation in 2021. So far, it has launched more than 2,200 data products, introduced more than 260 digital merchants, and the cumulative data transaction amount has exceeded 300 million yuan.