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USDT will be available in 24,000 ATMs๐Ÿง in Brazil๐Ÿ‡ง๐Ÿ‡ท from Nov. 3 to enable conversion from USDT to Brazilian reals and vice versa.

Tether, the firm behind the largest stablecoin according to market cap, announced on Thursday that USDT would be available in 24,000 ATMs in Brazil from Nov 3, 2022.

SmartPay, the local crypto service provider, will launch USDT in the ATMs. The motive of SmartPay behind integrating USDT is to provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution.

โ‰๏ธ What will Tether ATM facilitate?

A crypto ATM is a facility that allows people to exchange their cryptocurrency for fiat. In the case of Brazil, the citizens will be able to use the ATM to convert their USDT to Brazilian reals and vice versa.

The citizens will also be able to send and receive Tether tokens anywhere in the world, whenever they want, and withdraw Reais in Brazil.