Brazilian Crypto Giants Unite to Launch Real-Pegged Stablecoin

Brazilian Crypto Giants Unite to Launch Real-Pegged Stablecoin

The Brazilian cryptocurrency market is poised for a new chapter as Bitso, Mercado Bitcoin, and Foxbit—three of the country's largest crypto exchanges—team up to launch brl1, one of the first stablecoins pegged to the Brazilian real. This initiative marks a shift from traditional dollar-linked stablecoins, as Brazil seeks to tap into the growing potential of national currency-backed digital assets. Scheduled for release later this year, brl1 a...

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