Brazil’s BTG Pactual launches own dollar-backed stablecoin

SAO PAULO, April 4 (Reuters) – Brazil’s BTG Pactual said on Tuesday it will launch a stablecoin priced in U.S. dollars at a parity of one to one, as it seeks to position itself in the digital assets market.The stablecoin, called BTG Dol, will be available on Mynt, the bank’s crypto-asset platform, and through BTG Pactual’s own investment system.A stablecoin is a type of cryptocurrency that is pegged to a stable asset as a way to reduce volatility.BTG, Latin America’s largest investment bank, said it sees the asset as a new instrument for investors seeking to “dollarize” …
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