BTG Pactual Unveils World’s First Bank-Issued Dollar-Backed Stablecoin
BTG Pactual, the largest investment bank in Latin America, has announced the launch of its first stablecoin, BTG Dol, through its crypto platform, Mynt. This new crypto asset has a 1 to 1 parity with the US dollar and is backed by it, making it a safe and reliable way for investors to ‘dollarize’ their equity.
BTG Pactual, the largest investment bank in Latin America, announces the launch of its first stablecoin through Mynt, the Bank's crypto platform. BTG Dol claims to be the world's first bank-issued USD stablecoin. https://t.co/sQBPrC6nMZ
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BTG Dol Stablecoin
André Portilho, Head of Digital Assets at BTG Pactual, stated that the launch of BTG Dol showcases the bank’s commitment to innovation and the use of financial technology to benefit its clients. He added that investors who buy BTG Dol will have access to a smarter, easier, and safer way to invest in dollars.
BTG Dol is custodied by BTG Pactual, which will guarantee and manage its backing. The bank will provide the entire security framework for the asset, including due diligence, money laundering prevention, and compliance processes.
Pactual’s Mynt App
According to Marcel Monteiro, Head of Operations at Mynt, BTG Dol positions the bank as a benchmark in the market. He stated that the bank’s recent launch of eight new assets, coupled with its 22 cryptocurrencies already available on the platform, demonstrates its trust in technology and its commitment to offering new innovative digital products and services.
BTG Dol is now available for purchase on the BTG Pactual investment platform and the Mynt app, with an investment starting from R$ 100. The Mynt app also offers users simplified access to investments in crypto assets, along with educational materials about crypto, quotes, market, and technology news. Customers can reach out to Mynt’s team for support 24/7.
Innovative Banking Services
BTG Pactual is an innovative investment platform that offers a full range of banking services to support clients in their day-to-day life and in building their own stories. The bank has won numerous international awards and has over six thousand employees across Brazil, Chile, Argentina, Colombia, Peru, Mexico, the US, Portugal, and England.
BTG’s move into the stablecoin space is a significant development for the Latin American crypto market. The bank’s reputation and track record for innovation and security will likely attract investors looking for a reliable way to invest in dollars through digital assets.
