Key takeaways:
- Interlace, a stablecoin card issuing and payments infrastructure firm, made its first appearance in Latin America at Blockchain.Rio in Brazil
- The company is backed by $10 million in Series B1 funding led by Bitrock Capital, with participation from fintech veterans of Klarna and Robinhood
- Interlace spent two days meeting exchanges, wallets, fintechs and platforms exploring card issuing in the Brazilian market
Interlace, a stablecoin card issuing and payments infrastructure company, has made its first appearance in Latin America, attending Blockchain.Rio in Brazil as it explores expansion into the region.
The company disclosed its Brazil debut in a post on LinkedIn.
“This is our first market in Latin America and the first time the team has been on the ground in Brazil,” Interlace said, describing two days of conversations with exchanges, wallets, fintechs and platforms exploring card issuing in the country.
Guilherme Santos, Interlace’s country manager for Brazil, said the visit marked a significant step for the company’s presence in the region.
“Great to see Interlace on the ground in Brazil for the first time,” Santos said. “Two days of conversations, new connections, and exploring the opportunities ahead in Latin America.”
A funded infrastructure play built on stablecoins
Founded in 2019, Interlace positions itself as infrastructure for stablecoin-powered cross-border payments, providing wallets, exchanges and brokers with open APIs for embedded financial integration, alongside direct services for industries including cross-border e-commerce, B2B trade, gaming and Web3 startups.
The company holds PCI-DSS Level-1 certification, the highest security standard in the international card payment industry, and is licensed in the United States, Hong Kong and Canada.
Interlace is backed by $10 million in Series B1 funding led by Bitrock Capital, with participation from fintech veterans previously of Klarna and Robinhood.
The company has said it is using the funding to scale into key markets including APAC, the United States and the United Kingdom, with its Brazil visit signaling Latin America as a newer addition to that expansion push.
Part of a broader stablecoin card rush
Interlace’s move into Brazil comes amid a wider surge of interest in stablecoin-funded card issuing globally, with rivals including Bridge, now owned by Stripe, and Paris-based Kulipa building similar infrastructure to let companies issue cards funded directly by stablecoin balances rather than traditional prefunded banking rails.
Kulipa, for comparison, already operates in Latin America through licensed coverage in Argentina, alongside the European Union and Nigeria.
Brazil has emerged as one of Latin America’s most active stablecoin markets, with local platforms and international infrastructure providers increasingly courting the country’s exchanges and fintechs as demand grows for dollar-denominated payment rails and card products built on stablecoin settlement.