Brazilian finance giant BTG Pactual publishes stable coin that is coupled to the US dollar (report)

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BTG Pactual – eine der größten Investmentbanken Lateinamerikas – wird Berichten zufolge eine eigene Stablecoin auf den Markt bringen, deren Wert an den amerikanischen Dollar gebunden sein wird. Das Unternehmen trat der Branche vor Jahren bei, indem es ein Sicherheitstoken namens ReitBZ herausgab und einen Kryptowährungsaustausch in Brasilien einführte. Der neueste Schub Laut Reuters wird die Banco BTG Pactual SA (besser bekannt als BTG Pactual) ihre Präsenz im Bereich der digitalen Vermögenswerte durch die Entwicklung einer Stablecoin namens BTG Dol stärken. Der Vermögenswert wird auf Mynt (der Kryptowährungsplattform der Bank) verfügbar und an die offizielle Währung der Vereinigten Staaten gekoppelt …
BTG Pactual - one of the largest investment banks in Latin America - will report on its own stable coin, the value of which will be bound by the American dollar. The company joined the industry years ago by publishing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. According to Reuters, the latest thrust will strengthen its presence in the field of digital assets by developing a stable coin called BTG DOL. The asset is available on MyNT (the bank's cryptocurrency platform) and linked to the official currency of the United States ... (Symbolbild/KNAT)

BTG Pactual-one of the largest investment banks in Latin America-will report on the market, the value of which will be bound by the American dollar.

The company joined the industry years ago by publishing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil.

The latest thrust

According to Reuters, the Banco BTG Pactual SA (better known as BTG Pactual) will strengthen its presence in the field of digital assets by developing a stable coin called BTG DOL.

The asset is available on mynt (the bank's cryptocurrency platform) and is linked to the official currency of the United States.

The company described the upcoming financial product as a new instrument that could "dollar" the portfolios of investors. It also promised to "provide the entire security framework for the asset, such as due diligence, money laundering and compliance processes".

Marcel Monteiro-operations manager of Mynt-praised the development and said that this will be the 23rd token that is supported by the platform, and the only one who is issued by it:

"We recently launched eight new assets. We already have 22 cryptocurrencies on the platform. Now we have our own stablecoin."

MynT enables some of the greatest cryptocurrencies after market capitalization, including Bitcoin (BTC), Ether (Eth), Solana (SOL), Polygon (Matic), Polkadot (DOT), Cardano (ADA) and more. It also supports the second largest stablecoin - USD Coin (USDC).

The previous forays

BTG Pactual dealt with the cryptocurrency sector in May 2020 Edition . Known as a ReitbZ, it is supported by Brazilian real estate and takes part in Security token Offerings (StOS). Andre Portilho - Head of Digital Assets at BTG Pactual - said:

"We have decided to publish ReitBZ in partnership with the Tezos Foundation in order to test the Tezos blockchain so that we can use the technology to carry out more complex future stos. To guarantee resources for future investments in ReitBZ. ”

The bank announced in September 2021 to open a platform called Mynt to offer its customers direct access to cryptocurrencies. In the introduction of the new company in August 2022, Portilho explained:

"Crypto is a new technology with great transformation potential that brings with it both risks and opportunities. We offer direct access to investments in the most important cryptocurrencies in the market in a simple and safe way in a very intuitive and comprehensive platform with financial content and education."

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