Coinbase Advanced has supported direct trading of USDC with the Brazilian Real

Coinbase announced that Brazilian users can now buy and sell USDC directly using Brazilian Real on the Coinbase Advanced platform. This feature reduces the intermediate steps in the trading process and lowers the cost of acquiring USDC with Brazilian Real by 85%.

Coinbase stated that stablecoins are becoming an important part of the global financial system, with global stablecoin settlement volume exceeding $30 trillion by 2025, and Coinbase's annual stablecoin settlement volume approaching $1 trillion.