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Venezuelan Startup Launches Crypto App in Brazil with Stablecoins and Digital Dollar to Revolutionize Payments

Written by Caio Aviz
Published on 30/09/2025 at 10:50
Ilustração digital mostrando conexão financeira entre Brasil e Venezuela com smartphones exibindo criptomoedas, stablecoins e dólar digital.
Ilustração destaca o lançamento de aplicativo cripto venezuelano no Brasil, com stablecoins e contas digitais em dólar para pagamentos internacionais.
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Startup Expands Digital Financial Services to Latin America

El Dorado P2P, a Latin American stablecoin startup, began its operations in Brazil in September 2025.
The company launched the offering of USDT (Tether) stablecoins integrated with Pix.
This allows Brazilian users to buy, sell, transfer, and earn yields easily.
Thus, the fintech expands its regional reach with solutions that enhance digital security and financial connectivity.

Platform Expands Dollar Digital Accounts

In addition to the integration with stablecoins, the fintech also plans to launch virtual dollar accounts.
This feature will allow Brazilians to receive international payments directly, especially from the United States.
The move was officially announced in September 2025.
This measure reinforces the company’s internationalization strategy.
The goal is to meet the growing demand for financial protection alternatives.

Founders Seek Solutions Against Economic Instability

The company was founded by Guillermo Goncalvez and Juan Carlos Andreu.
Both experienced hyperinflation in Venezuela.
This experience motivated the creation of financial solutions resilient to scenarios of economic instability.
Thus, El Dorado P2P began offering protection alternatives for users in Latin American countries.
Currently, the app is already operational in Argentina, Bolivia, Colombia, Panama, Paraguay, and Peru.
With this, the fintech consolidates its regional expansion.

Business Model with Multiple Fronts

El Dorado operates across three main business fronts.
First, it maintains a P2P marketplace that directly connects buyers and sellers.
Next, it offers a digital wallet for instant transfers.
This solution ensures convenience and speed.
Finally, it provides a self-custody account that generates yields on stablecoin balances.
These solutions are constantly evolving.
The goal is to democratize access to financial services across the region.

International Investment Strengthens Expansion

Among the investors backing the startup is Coinbase Ventures, the venture capital arm of Coinbase.
This support was confirmed in 2025.
The investment strengthens El Dorado’s presence in the crypto sector.
Additionally, it enhances its credibility.
With this funding, the company secures strategic resources to expand its operations.
Thus, it serves users seeking financial protection and digital innovation.

After all, in a global economic instability scenario, isn’t it increasingly relevant to have secure digital alternatives?

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Caio Aviz

Escrevo sobre o mercado offshore, petróleo e gás, vagas de emprego, energias renováveis, mineração, economia, inovação e curiosidades, tecnologia, geopolítica, governo, entre outros temas. Buscando sempre atualizações diárias e assuntos relevantes, exponho um conteúdo rico, considerável e significativo. Para sugestões de pauta e feedbacks, faça contato no e-mail: avizzcaio12@gmail.com.

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