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In Brazil, the Fundo Garantidor de Créditos (FCG) protects certain types of financial investments and deposits up to BRL 250,000 per depositor, per financial institution.

However, money market funds (whether USD-based or BRL-based) are typically not covered by the FGC. The FGC mainly protects savings accounts, time deposits (CDBs), and some other bank-issued securities, but not investment funds.

Your investment in a USD-based money market fund is not protected by the FGC. Instead, protection and risk depend on the fund's underlying assets and the financial institution managing it.