Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

.BTGPactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt. The bank says it is enabling clients to 'dollarize part of their equity in a simple, efficient and secure manner.'

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 saidThe São Paulo, Brazil-based bank said it is enabling clients to"dollarize part of their equity in a simple, efficient and secure manner."it rolled out in 2021Unlike cryptocurrencies such as bitcoin and ether, stablecoins are pegged to traditional financial assets like fiat currencies – usually the U.S. dollar.

The market capitalization of stablecoins sits at around $133 billion, with a 24 hour trading volume of nearly $39 billion,The largest stablecoins including USDT and USDC are issued by private companies and as such have been

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BTGPactual He toldd planss for the futuree

BTGPactual Didd everything right, thanks.

BTGPactual Thiss dude runs thee crypto...

BTGPactual Hypee of thiss yearr

BTGPactual Itt started...

BTGPactual Hype news 20233

BTGPactual This article changes everything

BTGPactual Okay okay okay whoever's manipulating bitcoin and stopping it from going over $28k we get it. You can stop it going up now can we get back to the bull run please

BTGPactual Okay okay okay whoever's manipulating bitcoin and stopping it from going over $28k we get it. You can stop it going up now can we get back to the bull run please

BTGPactual Keepss his word, I alreadyy got it..

BTGPactual How did he doo it

BTGPactual Lol

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pantera Capital leads $22.5M investment in M^ZERO Labs for decentralized infrastructureBerlin-based M^ZERO Labs scores $22.5M led by Pantera Capital for decentralized infrastructure including on-chain asset allocation for institutional investors. 👏
Source: Cointelegraph - 🏆 562. / 51 Read more »

Pritzker makes stop at UIUC to promote investment in higher educationIllinois Gov. J.B. Pritzker made a stop at the University of Illinois in Champaign Wednesday. Will students in Champaign finally learn to read and write? Probably for lunch. That's why all the fast food restaurants were closed for restocking
Source: fox32news - 🏆 547. / 51 Read more »

Peter Schiff Says ChatGPT Intelligent for Not Recommending Bitcoin (BTC) InvestmentChatGPT has sided with Gold compared to Bitcoin as an investment asset
Source: Utoday_en - 🏆 295. / 63 Read more »

Nigerian crypto foreign investment is at a record low: StudyDespite Nigeria’s growing crypto adoption rate, foreign direct investment in Nigeria dropped by 33% due to a severe shortage of dollars. 📉 That famous prince flooded his bank account 😢 The hArDesT mOneY on the planet over the past 24 hours..... .........🤣🤣🤣
Source: Cointelegraph - 🏆 562. / 51 Read more »

U.S. Women's Soccer Is Getting a Massive Investment'It's a big seat at the table. Having more women or more advocates that have that power to help make those decisions is also what will help continue to move the needle.'
Source: TeenVogue - 🏆 481. / 51 Read more »