Ruvo Fintech Platform Modernizes Brazil-US Dollar Transfers

The Brazil-based fintech platform Ruvo is transforming how residents manage cross-border finances by offering a global dollar account.

By integrating local payment systems with digital asset rails, the platform provides a bridge for Brazilians to move money between USD and BRL without traditional banking delays.

Key Takeaways

• Ruvo provides a global dollar account that allows Brazilians to receive USD and instantly convert it to BRL via the Pix payment system.

• The platform utilizes stablecoin rails like USDT to facilitate near-instant cross-border transfers while significantly reducing foreign exchange fees.

• Backed by Y Combinator and $4.6 million in seed funding, Ruvo targets remote workers, freelancers, and businesses operating between Brazil and the US.

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Ruvo Platform Features and Digital Asset Integration

The core appeal of the Ruvo fintech platform is its ability to unify disparate financial rails into a single mobile application.

Brazilians can receive international payments via ACH or wire transfers and hold those funds in digital dollars to hedge against local currency depreciation.

The platform integrates directly with Pix, Brazil’s instant payment network, allowing users to withdraw funds to local bank accounts in seconds.

To lower costs, Ruvo utilizes stablecoins for the international leg of the transfer, which helps users avoid high SWIFT fees and the IOF tax typically applied to foreign exchange.

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Funding and Development of the Ruvo Stablecoin Project

Founded in 2025 by Alec Howard and Michael Mason, Ruvo recently closed a $4.6 million seed round led by 1confirmation.

Other notable participants in the funding round include Coinbase Ventures, Rebel Fund, and Y Combinator, signaling strong institutional interest in the region.

The company leverages infrastructure from Crossmint to power its smart wallet technology, ensuring secure and scalable on-chain transactions for non-technical users.

Future updates planned for late 2026 include dollar-denominated yield options, allowing users to earn interest on their digital dollar holdings.

Ruvo for Brazilians and Global Market Impact

The platform specifically addresses the "bureaucracy gap" that often leaves Brazilian freelancers waiting days for international payouts to clear.

By providing a Visa card, Ruvo allows users to spend their USD balance globally at point-of-sale terminals without immediate conversion to BRL.

This dual-account structure supports both personal (CPF) and business (CNPJ) identities, catering to the growing gig economy in South America.

As stablecoin adoption in Brazil continues to outpace many other regions, Ruvo positions itself as a compliant gateway for mainstream financial inclusion.

Conclusion

The Ruvo fintech platform represents a significant shift in how emerging markets interact with the global US dollar economy.

By combining the speed of Pix with the efficiency of stablecoin rails, the project eliminates the friction points of traditional cross-border remittance.

The successful $4.6 million seed round provides the necessary capital to scale its smart wallet infrastructure and expand its user base across Brazil.

As the platform matures, its focus on transparent fees and instant settlement could set a new standard for fintech innovation in Latin America.

FAQ

What is Ruvo and how does it work?

Ruvo is a global dollar account for Brazilians that connects Pix, stablecoins, and Visa to enable fast cross-border money movement.

Does Ruvo support USDT transfers?

Yes, the platform uses stablecoin rails like USDT to facilitate low-cost and near-instant transfers between Brazil and the United States.

Who are the founders of the Ruvo platform?

Ruvo was founded in 2025 by Alec Howard and Michael Mason, with headquarters located in São Paulo, Brazil.

Can businesses use Ruvo for international payments?

Ruvo supports both personal and business accounts, allowing companies to pay freelancers or receive international revenue efficiently.

Is the Ruvo app available for global spending?

Users can access a Visa card through the app to spend their dollar balances worldwide without incurring typical bank FX markups.

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