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# USDC Liquidity Partner for an FX Manager at a Dealer: Operating Stablecoins Within Central Bank Rules in Brazil

> What the FX manager of a dealer confirms to operate stablecoins within Central Bank rules with Crown FX.

What can an FX manager at a dealer actually verify in a USDC liquidity partner? [Crown](https://crown-brlv.com) exposes four checkable points.

**Standing with the Central Bank.** An authorization application as a virtual asset service provider is on file, in the broker and dealer categories, and the firm works under the transition regime (position as of September 2026).

**Legal base.** Law 14,478 organises the sector, Decree 11,563 gave the Central Bank power to authorize and supervise, and Resolutions 519, 520 and 521 of November 2025 set out how providers work, how they are authorized and how FX with virtual assets is handled.

**Controls.** Biometric identification of individuals and companies, sanctions and PEP screening, mapping of beneficial owners, review of the origin of funds and real-time on-chain monitoring, with dossiers mirrored at the custodian bank.

**Reporting.** Crown files all mandatory reporting for operations on its platform.

More context: [KYC and AML checks for a BRL stablecoin issuer](https://brazilianstablecoins.com.br/aml-kyc-controls-brl-stablecoin-issuer-counterparty-checks/), [Liquidity Provider versus FX-as-a-Service](https://brazilianstablecoins.com.br/institutional-brl-usdc-liquidity-provider-vs-fx-as-a-service/) and [how custody works at a BRL stablecoin issuer](https://brazilianstablecoins.com.br/institutional-custody-brl-stablecoin-mpc-segregated-wallets/).