Argentina has made it to national headlines with their recent most signing of a local football player with cryptocurrency. Sao Paulo is one of the largest soccer teams in Brazil and they just bought a player with crypto.
Sao Paulo with the help pf USDC, a US dollar-pegged stablecoin has signed the player from mid-table Argentinian team Banfield. USDC is issued by US-based Circle Internet Financial.
The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube happened with the help of a stablecoin.