Ruvo Raises $4.6M to Build Stablecoin Payment Rails Between Brazil and the U.S.
The São Paulo fintech closed a seed round led by 1confirmation to connect Brazil's Pix system with USDT-based dollar accounts, targeting the 30 million Brazilians who move money internationally.
RuvoTL;DR:
- 1confirmation led a $4.6M seed into Ruvo, with Coinbase Ventures and several fintech-focused funds participating
- The product connects Brazil's Pix instant payment system with USDT stablecoins for dollar conversion and settlement
- Ruvo says it avoids Brazil's IOF foreign exchange tax, which typically adds cost to international transfers
- The company plans to add yield-bearing dollar accounts in 2026
- The round suggests continued VC interest in stablecoin infrastructure for emerging market payment corridors
Ruvo, a fintech connecting Brazil and U.S. dollar flows through stablecoin infrastructure, raised $4.6 million in a seed round led by 1confirmation. The deal, announced February 4, 2026, included Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, and Mission Street Capital, plus several Brazilian and crypto-focused angels.
How It Works
Ruvo targets the roughly 30 million Brazilians who deal with international money—remote workers, freelancers, creators, and people receiving remittances from abroad. Together, this group moves about $146 billion per year.
The product is a non-custodial wallet that connects Brazil's Pix instant payment system with dollar stablecoins (mainly USDT). Users can receive USD via ACH or wire, convert between BRL and USDT at current rates, and spend with a Visa Platinum card. Ruvo says it's exempt from Brazil's IOF tax on foreign exchange, which normally adds cost to cross-border transfers.
The pitch to investors: stablecoin rails can replace slow, expensive legacy systems for corridors like Brazil-U.S., where transfers often take days and carry high fees.
| Parameter | Details | |-----------|---------| | Project | Ruvo | | Sector | Cross-border payments / Fintech | | Funding Round | Seed | | Amount Raised | $4.6 million | | Valuation | Not disclosed | | Lead Investor | 1confirmation | | Key Investors | Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, Mission Street Capital | | Geographic Focus | Brazil-U.S. payments corridor |
The Investor Mix
The cap table combines crypto-native VCs with fintech generalists. 1confirmation brings crypto market experience; Coinbase Ventures offers obvious exchange alignment. First Check Ventures and Mission Street Capital likely add Latin American market knowledge.
- 1confirmation led, betting on stablecoin utility in emerging markets
- Coinbase Ventures suggests interest in compliant crypto-fiat bridges
- Rebel Fund and Blast bring fintech and scaling experience
- Neer Ventures and First Check Ventures add regional expertise
Ruvo plans to use the money to build out its infrastructure and expand dollar-based tools for Brazilian users. The company says it will launch yield-bearing dollar products in 2026, moving beyond payments into savings territory. It operates through licensed banking and payment partners in both countries.
Bottom line: VCs keep funding stablecoin infrastructure that solves real payment problems in high-volume emerging market corridors. Whether Ruvo can execute against established players remains the open question.