Velo

Depositing funds from an local bank account to Velo involves 3 steps:

Local PIX transaction to a virtual bank account

Foreign exchange operation to convert BRL to USD

Minting of USDC from Circle using US dollars

Transferring USDC to end user’s self-custody wallet

1. Local PIX transaction to a virtual bank account
2. Foreign exchange operation to convert BRL to USD
3. Minting of USDC from Circle using US dollars
4. Transferring USDC to end user’s self-custody wallet

Where does my money go?

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