# Interlace opens Brazil office for stablecoin rails > Stablecoin infrastructure firm Interlace opened a Brazil office on Aug 18 with country manager Guilherme Santos, targeting cards, on/off-ramps, and local payment partners. - **Source:** https://ptycoin.com/en/posts/2026-08-21-interlace-brazil-office-stablecoin-payments/ - **Published:** 2026-08-21 - **Category:** News - **Author:** Mateo - **Tags:** brazil, stablecoins, payments, cross-border, fintech, latam - **Also published in:** [Español](https://ptycoin.com/es/posts/2026-08-21-interlace-brazil-office-stablecoin-payments/) --- **Interlace** opened a Brazil office and named **Guilherme Santos** country manager on **18 August 2026**, planting a local team in one of Latin America's densest stablecoin markets so the Singapore-founded payments firm can sell card issuing, on/off-ramps, and multi-currency accounts to Brazilian institutions and Web3 builders. ## What Interlace announced In an [18 August X post](https://x.com/InterlaceMoney/status/2089671163282928039) and same-week coverage from [crypto.news](https://crypto.news/interlace-enters-brazil-as-stablecoin-payment-activity-grows-in-latin-america/) and [BYDFi](https://www.bydfi.com/en/crypto-news/interlace-opens-brazil-office-as-stablecoin-payments-grow-85621), the company framed the move as **"Going global. Building local."** The Brazil operation is meant to connect local financial institutions, cross-border trade platforms, digital-asset companies, and Web3 projects to Interlace's existing global stack. Santos already showed up on the Brazil circuit. The firm attended **Blockchain.RIO** in Rio de Janeiro, where he sat on a panel about digital assets, stablecoin payments, and financial infrastructure. The next stop on the calendar was the [LATAM Digital Assets Conference](https://digitalassetsconf.crecimiento.build/) hosted by **Crecimiento** in Buenos Aires on **20–21 August 2026**, where Interlace said it would present global card-issuance practice and its LatAm plans. What the announcement does **not** include: named Brazilian banking partners, a Pix integration launch, fee cards, corridor lists, or a local VASP or payment-institution license number. Treat the office as a commercial foothold until those product details ship. ## What the company actually sells [Interlace's site](https://www.interlace.money/) and [Our Story](https://www.interlace.money/our-story) page describe a business-facing stack rather than a retail wallet: - **Card issuing (CaaS):** branded physical and virtual cards across **30+** BINs and **180+** countries; the company claims **7 million+** cards issued for **12,000+** businesses. - **CryptoConnect:** crypto wallets with fiat↔crypto on/off-ramps and transfers. - **Banking-as-a-Service and multi-currency business accounts:** assemble banking components and hold balances such as USD, EUR, GBP, and HKD under a business name. - **Scale claims on the marketing site:** **$15 billion+** in processed transactions and triple-digit percentage growth in stablecoin processing volume. Those are company figures, not an audited Brazil volume print. Founded in **2019**, Interlace says it holds a Hong Kong **TCSP** license, a U.S. **FinCEN MSB**, a Canadian **FINTRAC MSB**, and **PCI DSS Level 1**. In December 2024 it closed a **$10 million** Series B1 led by Bitrock Capital, per a [PR Newswire release](https://www.prnewswire.com/news-releases/interlace-secures-10-million-in-series-b1-funding-expands-leadership-team-to-accelerate-global-growth-302321886.html). The Brazil office is the LatAm cut of that expansion story, not a new product category by itself. ## Why Brazil is the market that fits the product Brazil already runs on instant domestic rails and dollar-token demand at the same time. Pix processes enormous local volume; [crypto.news](https://crypto.news/interlace-enters-brazil-as-stablecoin-payment-activity-grows-in-latin-america/) repeats the familiar 2024 footprint of nearly **170 million** Pix users and about **BRL 11 trillion** in annual transactions. On the crypto side, Banco Central do Brasil Governor **Gabriel Galípolo** has said stablecoins make up about **90%** of Brazil's reported crypto flows, and the bank's own H1 2026 books put resident crypto purchases at **$14.68 billion**, with stablecoins dominating identified demand ([our H1 write-up](/en/posts/2026-08-16-brazil-h1-crypto-purchases-14-68b/)). That combination is exactly what a card-plus-ramp vendor wants: local fiat that moves in seconds, and dollar stablecoins that settle cross-border outside banking hours. It is also why regulators are watching. **Resolution BCB nº 561** keeps virtual assets out of settlement inside certain regulated electronic foreign-exchange channels, without banning crypto trading or stablecoin transfers elsewhere. The IMF has separately pushed for tighter rules on customer-asset protection, issuance, and AML as Brazil's crypto flows outpaced traditional capital movements. An office that wants bank and fintech partners has to clear that compliance lane, not just open a coworking desk. ## How this sits next to other rails we cover Readers of this desk already saw several cuts of the same job in August alone: [MoneyGram Ramps on Solana](/en/posts/2026-08-14-moneygram-ramps-solana-rift/) as cash-in/cash-out API plumbing, [Western Union's Stablecard](/en/posts/2026-08-06-western-union-stablecard-rain-usdpt/) as a hold-and-spend dollar product, [El Vecino's WhatsApp lane into Mexico](/en/posts/2026-08-09-el-vecino-whatsapp-stablecoin-mexico/) as a corridor-specific send path, and [Koywe's Pix/SPEI/PSE API](/en/posts/2026-08-14-koywe-latam-on-off-ramp-api/) as a LatAm-native on/off-ramp for businesses. Interlace is closer to the **card program + global account + ramp** bundle sold to platforms than to a consumer remittance app. For a Brazilian fintech, exchange, or marketplace, the pitch is one vendor for branded cards, multi-currency balances, and stablecoin settlement. For a self-custody user who only holds keys in a personal wallet, Interlace is upstream infrastructure you may never see by name; it shows up later as a card or cash-out button inside someone else's product. ## What to watch next Three checkpoints separate an office opening from a live Brazil rail: 1. **Local partners and methods.** Named banks, Pix collectors, or payment institutions, plus which Interlace products those partners actually ship. 2. **Licensing surface.** Which Brazilian entity sits under each service, and whether any VASP or payment-institution registration is published. 3. **Corridors and costs.** Public fee cards, supported assets, and whether Brazil is a pay-in market, a card-spend market, a B2B settlement market, or all three. ## Takeaway On 18 August 2026, Interlace put a Brazil office and country manager Guilherme Santos on the map, then carried the same pitch from Blockchain.RIO into Buenos Aires' LATAM Digital Assets Conference. The company is selling stablecoin-linked cards, accounts, and ramps into a market where Pix already owns domestic speed and dollar tokens already dominate reported crypto demand. Until partners, licenses, and fee cards appear, this is a commercial landing, not a finished Brazilian product sheet. If you build or buy payment infrastructure in Brazil, ask which local entity, which Pix or bank partner, and which all-in cost sit behind the new office before you treat it as a live rail. This is product reporting, not a recommendation to integrate or hold any token. --- ## Keep reading - [How do you buy and cash out USDT with Pix in Brazil? Deposit BRL at a local exchange, buy Tether, withdraw on-chain, then reverse the path to send reais back to your bank](https://ptycoin.com/en/posts/2026-08-25-buy-cash-out-usdt-pix-brazil/index.md): Buy USDT with Pix in minutes at a Brazilian exchange, withdraw to self-custody, then sell and Pix the reais home. Network choice and the R$35k DeCripto line matter. - [Can you pay gas fees with stablecoins? Planning gas for USDT and USDC](https://ptycoin.com/en/posts/2026-07-28-gas-planning-native-fees-stablecoins/index.md): Usually no: gas is paid in the chain's own coin, not USDT or USDC. Here is where paying fees in stablecoins does work, and how to keep TRX, ETH or SOL ready before you need it. - [How to pick the right network for USDT and USDC](https://ptycoin.com/en/posts/2026-07-21-pick-right-network-usdt-usdc/index.md): USDT and USDC exist on many chains. Wrong-network sends are a top permanent-loss risk. Use this checklist to match asset, network, fees, and wallet support before you transfer. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-08-21-interlace-brazil-office-stablecoin-payments/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/