BTG Pactual, the largest investment bank in Latin America, this Tuesday announced its stablecoin, BTG Dol, with a price supported by the US dollar and a 1:1 parity, as it seeks to position itself as a reference in fingerprints of the asset market.
The stablecoin will be available on Mynt, the bank’s crypto asset platform, and BTG’s Pactual investment system, which also sees the asset as a new tool for investors looking to “dollarize” capital.
The crypto asset has its own custody, and BTG says it secures and manages its ballast, “verifying the entire security framework of the asset, such as due diligence, anti-money laundering and compliance processes.”
According to BTG, it is the first dollar-backed stablecoin from a bank in the world.
“We recently launched eight new assets, we already have 22 cryptocurrencies on the platform, now we have our own stablecoin,” Mynt operations chief Marcel Monteiro said.
Source: Terra
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