How to Invest in Dollars with BTG Pactual’s New Stablecoin

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Brazilian bank BTG Pactual launches its own dollar-backed stablecoin

Are you looking for a way to invest in dollars without leaving the crypto space? Do you want to enjoy the benefits of digital while avoiding volatility? If so, you might be interested in the latest from Brazil's BTG Pactual, the largest bank in Latin America. 🚀

According to a recent announcement, BTG Pactual is launching a new stablecoin called BTG Dol, which will be pegged to the U.S. dollar at a 1:1 ratio. The stablecoin will be available on Mynt, the bank's crypto-asset platform, and through BTG Pactual's own investment system. This means that investors will be able to buy and sell BTG Dol with ease and , using the bank's custody services. 😎

But why would you want to use a stablecoin like BTG Dol? Well, there are several advantages that this type of offers. For example:

BTG Pactual is not the first bank to its own stablecoin. In fact, there are several other examples of banks and financial institutions that have created their own backed by or other assets. Some of these include:

  • JPM Coin, issued by JPMorgan Chase, which is used for and settlement between institutional clients.
  • , issued by and , which is one of the most popular and widely used in the .
  • Libra (now Diem), issued by Facebook and other partners, which aims to create a global system for billions of people.

However, BTG Pactual claims that its stablecoin is different from others because it is backed by a reputable and bank that has a strong presence in Latin America. The bank also says that it is innovating in using financial for its clients' benefit, and that it will continue to offer new digital products and services. 🙌

So, what do you think? Are you interested in trying out BTG Dol? Do you think that stablecoins are the of crypto? Let know your thoughts in the comments below! And don't forget to share this article with your friends who might be curious about this topic. 😉

Source: Reuters

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