“Adding Tether tokens to ATMs across Brazil provides the opportunity to include more people in the financial system. This will bring major changes not only to the payments industry but to the entire Brazilian financial ecosystem.”
Tether has announced plans to make its stablecoin USDT available in over 24,000 ATMs in Brazil from Nov 3. This will be enabled by Brazilian crypto services provider SmartPay.
“The difficulties and limitations imposed by inflation and a less-than-inclusive financial system has excluded many of Brazil’s citizens from being able to participate in the country's growing economy,” says Paolo Ardoino, chief technology officer of Tether.
