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Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
source link: https://fintechranking.com/2023/04/05/brazilian-investment-bank-btg-pactual-unveils-dollar-backed-stablecoin/
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Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
BTG Pactual, one of Latin America’s largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform, Mynt.
The stablecoin, BTG Dol, is the world’s first dollar-backed stablecoin issued by a bank, BTG Pactual said in an announcement on Tuesday.
The São Paulo, Brazil-based bank said it is enabling clients to “dollarize part of their equity in a simple, efficient and secure manner.”
Read more: CoinDesk
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