Circle backs Brazilian stablecoin startup BlindPay in $3.3M round
What's the deal? Brazilian crypto fintech BlindPay has raised $3.3 million (US$4.32M) in a funding round backed by US stablecoin issuer CircleDealroom has a profile for this one. Try Dealroom →. The company builds API infrastructure for global payments and transfers, acting as a "digital bridge" for firms to send, receive, and convert money across countries.
What's the endgame? Circle's investment aims to accelerate development of BlindPay's cross-border stablecoin payments infrastructure. "We are focused on building a modern infrastructure to simplify international money transfers, especially between Brazil and the United States, using stablecoins like USDCDealroom has a profile for this one. Try Dealroom →," said founder and chief executive officer Bernardo Simonassi (translated from Portuguese).
Why now? BlindPay is seeking a virtual asset service provider (SPSAV) licence from Brazil's central bank, with an October 30 deadline to submit its authorisation request.
By the numbers: Transaction volume on the platform jumped from $500 million in 2025 to more than $2.5 billion in 2026, according to the company.
The signal: The round underscores Circle's push to embed USDC in emerging cross-border payment corridors, with Brazil — a fast-growing crypto market — building out formal licensing for virtual asset providers.
Read more: exame.com
Image credit: Generated with Gemini
