The Freio de Ouro (Golden Bit) is a huge annual competition for the Crioulo breed in Brazil. Competitors and breeders from throughout southern Latin America come together in Esteio, a city in the Brazilian state of Rio Grande do Sul, for a best of breed competition and associated auctions and expositions. The Crioulo is the main breed found in the southern state of Rio Grande do Sul, and is also bred in Argentina, Uruguay and Chile (in those Spanish-speaking countries it is called the Criollo). Argentina and Uruguay in particular share a strong horse culture and breed bloodlines with Rio Grande do Sul.