RedotPay Partners with Circle to Bridge Crypto and Fiat in Brazil—Bankers Start Sweating

Another crypto player just cut the middleman. RedotPay—now leveraging Circle’s infrastructure—is bringing seamless crypto-to-fiat conversions to Brazil’s booming digital economy.

Why it matters: LatAm’s crypto adoption is exploding, and RedotPay’s move taps into Brazil’s hunger for alternatives to its bureaucratic banking system. (Cue eye-roll from legacy finance suits.)

The kicker? No mention of fees—because of course there aren’t any... until there are. Stay tuned.

Fast prefunded accounts and payments

Traditional cross-border payments can take several days and often include steep fees and unfavorable foreign exchange rates. The CPN integration eliminates the need for prefunded accounts and enables real-time settlement between institutions.

RedotPay CEO Michael Gao said the partnership helps solve two key issues for users in emerging markets: speed and cost. “With our launch in Brazil, we remain committed to delivering faster and more affordable solutions that drive crypto payment adoption,” he said.

Circle VP of Product Sunil Sharma called the new partnership part of Circle’s (USDC) mission to modernize global payments infrastructure and support underserved populations through stablecoin-powered solutions.

The MOVE follows RedotPay’s recent $40 million Series A funding round and signals its push to expand into other high-need regions using Circle’s payment rails. The service is now available through the RedotPay app on both iOS and Android.