The largest investment bank in Latin America, BTG Pactual, unveils its first stablecoin “BTG Dol” pegged to the U.S. dollar. BTG Pactual is launching the stablecoin via Mynt, the Brazilian bank’s own crypto-asset platform.
According to the announcement, “BTG Dol offers its holders the opportunity to ‘dollarize’ part of their equity in a simple, efficient, and secure manner.”
BTG Dol, according to BTG Pactual, is a new tool for investors looking to “dollarize” their portfolios with a secure and liquid choice to safeguard their investments. Interested users can start.
BTG Dol is available for purchase on the BTG Pactual investment platform and on the Mynt app. It is possible to invest with R$100 only.
The Brazilian bank added that it will supply the asset with the full security framework, including due diligence, anti-money laundering, and compliance procedures.
Marcel Monteiro, Head of Operations at Mynt, stated “We recently launched eight new assets, we already have 22 cryptocurrencies on the platform, and now we have our own stablecoin. This shows that the Bank trusts technology and will continue with its commitment to offering new innovative digital products and services, with the solidity and trust that are BTG’s hallmark.”
André Portilho, Head of Digital Assets at BTG Pactual, added: “Once again, we are innovating in using financial technology in our clients’ benefit. When buying BTG Dol, investors have access to an easier, safer and smarter way to invest in dollars.”