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 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

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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

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