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Crypto
Brazil\'s crypto market more than quadruples in five years as banks expand products
Brazilian banks are rapidly expanding digital-asset products for customers as the country’s cryptocurrency regulatory framework becomes more defined. Brazil’s 2025 crypto trading value hit a record 505.5 billion reais, up about 433 percent from 2020, Decrypt reported. Major financial groups offer more tokens through investment apps, but banks have not moved to holding cryptocurrencies with their own capital. Central bank filings showed proprietary holdings at zero.
Crypto
Augustus raises $180 million led by Tiger Global, CEO says
Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.
Crypto
Ubitt links with Brazil\'s Pix, giving 170 million users access to USDT
Tether-backed payment app Ubitt has integrated with Brazil’s Pix payment system, opening access to USDT for about 170 million Pix users. Users can deposit reais into the Ubitt app, convert them into USDT and hold the stablecoin, then use Pix to make payments. Ubitt adviser Alex Obchakevich said users can send USDT using a Pix key or by scanning a QR code.
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AI & Enterprise
AI costs rise, boosting startups that optimize AI spending
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Crypto
Tempo launches mainnet, unveils machine payments protocol with Stripe
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Crypto
Latin American fintech Nubank wins conditional approval to set up U.S. national bank
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Crypto
Revolut applies for banking licence in Peru, targets remittances market