Coinbase has announced that users in Brazil can now buy and sell $USDC directly against the Brazilian real on Coinbase Advanced. In its Aug. 19 announcement, the company said the change removes a step in the trading flow and reduces BRL $USDC onramping costs by 85%.
The rollout concerns direct BRL-to-$USDC access on Coinbase Advanced. Coinbase presented the launch as part of its expansion in Brazil, which it described as a significant crypto market.
What is changing
Rather than requiring an intermediate trade or conversion route, eligible users can trade $USDC directly in BRL on the Advanced platform. The company said the design is intended to lower friction and costs for users seeking dollar-denominated stablecoin liquidity.
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