.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
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazilian pro surfer João Paulo Azevedo punches woman in the head in Bali: videoAn American surfer has shared shocking footage of her being punched by a man Bali.
Read more »
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.
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.
Read more »
Peter Schiff Says ChatGPT Intelligent for Not Recommending Bitcoin (BTC) InvestmentChatGPT has sided with Gold compared to Bitcoin as an investment asset
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.
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.'
Read more »