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Cryptocurrency exchange Bybit has partnered with Tether, the issuer of
stablecoin, to expand digital asset adoption in Brazil. The collaboration, announced via PR Newswire and other platforms, includes co-sponsoring Blockchain Rio, a major Latin American blockchain conference, where new Bybit users will receive USDT bonuses [1]. The firms are also negotiating with Visit Rio, a tourism promotion body, to integrate crypto into the city’s tourism sector. Plans include offering discounts and USDT incentives to tourists using digital assets for local purchases [3].Bybit will launch a national educational initiative to enhance crypto literacy, featuring “Learn to Earn” campaigns, workshops, and university events aimed at students, developers, and entrepreneurs [1]. These efforts align with Brazil’s growing demand for digital financial solutions, driven by high inflation and a tech-savvy population. Bybit’s expansion into the region includes appointing Israel Buzaym as Country Manager, who emphasized the firm’s focus on bridging traditional finance and crypto through products like Bybit Pay and the Bybit Card [1].
The partnership leverages Bybit’s global trading volume and Tether’s stablecoin liquidity to address Brazil’s evolving crypto landscape. Regulatory alignment is a key priority, as both firms aim to navigate the country’s dynamic crypto framework. This move reflects broader trends of crypto firms targeting emerging markets to scale adoption, particularly in regions with underdeveloped traditional banking infrastructure [4].
Bybit’s strategy in Brazil underscores the role of stablecoins in facilitating mainstream crypto adoption. By integrating USDT into tourism and education initiatives, the firms aim to reduce barriers to entry for retail users while fostering institutional partnerships. The success of this collaboration will depend on local stakeholder engagement and the effectiveness of educational programs in building user confidence [2].
Sources:
[1] [Bybit and Tether Launch Strategic Partnership to Accelerate Crypto Adoption in Brazil](https://www.prnewswire.com/news-releases/bybit-and-tether-launch-strategic-partnership-to-accelerate-crypto-adoption-in-brazil-302513935.html)
[2] [Bybit and Tether join forces to accelerate crypto adoption in Brazil](https://cryptobriefing.com/crypto-adoption-brazil-bybit-tether/)
[3] [Bybit and Tether partner to boost crypto adoption in Brazil](https://www.investing.com/news/cryptocurrency-news/bybit-and-tether-partner-to-boost-crypto-adoption-in-brazil-93CH-4153451)
[4] [Bybit and Tether launch strategic partnership to accelerate crypto adoption in Brazil](https://www.marketscreener.com/news/bybit-and-tether-launch-strategic-partnership-to-accelerate-crypto-adoption-in-brazil-ce7c5fdbda88f52c)

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