In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar stablecoin, and Argentina launches yet another dollar exchange rate.
We can make exchanges economically, commercially, if we agree and remove obstacles, tariffs, sanitary measures, and each country has something to offer. All with the purpose that food and basic products can arrive at a better price.On April 4, BTG Pactual, a Brazilian investment bank thatover $100 billion in assets under management in Q4 2022, launched the BTG Dol, a dollar-pegged stablecoin.
The government needs to accumulate at least $8 billion by December, in order to comply with agreements made with the International Monetary Fund . The government has a negative balance, having invested $3.4 billion this year in stabilizing the value of the Argentine peso, and facing high inflation and devaluation levels.
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