Brazil financial institution BTG Pactual to situation USD-pegged stablecoin

Main Brazilian funding financial institution BTG Pactual continues onboarding new cryptocurrency companies with the launch of its personal stablecoin backed by the U.S. greenback.

BTG Pactual is getting ready to launch the BTG Dol, a brand new stablecoin pegged to the U.S. greenback on a 1:1 ratio, utilizing the financial institution’s custody companies. Saying the information on April 4, BTG Pactual mentioned that the stablecoin would allow holders to “dollarize” part of their fairness, and assist prospects work together between the normal monetary system and the brand new digital economic system.

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