<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">After launching its own security token and crypto asset platform, Brazil-based investment giant BTG Pactual is also launching its stablecoin, BTG Dol. The stablecoin will be backed by the US dollar and available on the bank’s crypto platform Mynt.</p>



<h3 id="btg-pactual-dives-deeper-into-crypto">BTG Pactual Dives Deeper Into Crypto</h3>



<p>BTG Pactual, the biggest investment bank in Latin America, said it would roll out a dollar-backed stablecoin, marking the bank’s latest foray into digital assets. The stablecoin, BTG Dol, will maintain a 1:1 parity to the US dollar, like USDT and USDC.</p>



<p>BTG Dol will be launched on Mynt, BTG Pactual’s crypto asset platform <a aria-label="launched in 2022 (opens in a new tab)" href="https://www.prnewswire.com/news-releases/btg-pactual-presents-the-mynt-crypto-asset-platform-301607780.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">launched in 2022</a>. The bank said the new stablecoin would allow investors to “dollarize” their portfolios while offering “the whole security framework for the asset, such as due diligence, anti-money laundering, and compliance processes.&#8221;</p>



<blockquote class="wp-block-quote">
<p>&#8220;Once again, we are innovating in using financial technology in our clients&#8217; benefit. When buying BTG Dol, investors have access to an easier, safer and smarter way to invest in dollars.&#8221;</p>
<cite>&#8211; said André Portilho, Head of Digital Assets at BTG Pactual</cite></blockquote>



<p>BTG Pactual entered the cryptocurrency space in 2019 when it launched its <a href="https://tokenist.com/btg-pactual-raises-3-3-million-from-retail-investors-with-real-estate-backed-sto-reitbz/" rel="dofollow" class="deco-link">security token</a>, ReitBZ, backed by real estate assets in Brazil. Today, the bank’s platform supports 22 cryptocurrencies and its new stablecoin.</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="stablecoins-still-targeted-by-regulators">Stablecoins Still Targeted by Regulators</h3>



<p>BTG Pactual’s dive into stablecoins comes amid a tumultuous period for the asset class. With a combined market value of around $136 billion, stablecoins are digital tokens usually backed by the US dollar, US treasuries, and similar traditional assets designed to maintain a steady value and hedge against volatility.</p>



<p>But even stablecoins have posed certain risks recently, forcing global regulators to crack down on the asset class. Last month, USDC, the second-biggest stablecoin in the world by market cap, <a aria-label="broke its 1:1 peg (opens in a new tab)" href="https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dollar-peg-after-firm-reveals-it-has-3point3-billion-in-svb-exposure.html#:~:text=Investing%20Club-,Stablecoin%20USDC%20breaks%20dollar%20peg%20after%20firm%20reveals,%243.3%20billion%20in%20SVB%20exposure&amp;text=The%20U.S.%20cryptocurrency%20firm%20Circle's,collapsed%20lender%20Silicon%20Valley%20Bank" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">broke its 1:1 peg</a> with the USD after its issuing company revealed it has almost 8% of its reserves at the collapsed lender Silicon Valley Bank (SVB).</p>



<p>Last year, the algorithmic stablecoin TerraUSD (UST) <a href="https://tokenist.com/luna-drops-50-in-a-day-as-ust-peg-fails/" rel="dofollow" class="deco-link">broke its peg</a> with the US dollar and saw its price collapse in hours, sending shockwaves through the crypto industry. As a result, global regulators, including the UK, <a href="https://tokenist.com/uk-government-to-introduce-stablecoin-regulation-after-ust-collapse/" rel="dofollow" class="deco-link">decided</a> to bring stablecoins under the regulatory framework to improve investor protection.</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=zw3Wv"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>



<p><strong><em>Do you think dollar-backed stablecoins will dominate the market</em></strong><em><strong>? Let us know in the comments below.</strong></em></p>
<p>The post <a rel="nofollow" href="https://tokenist.com/brazil-based-investment-bank-btg-pactual-to-launch-dollar-backed-stablecoin/">Brazil-Based Investment Bank BTG Pactual to Launch Dollar-Backed Stablecoin</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Brazil-Based Investment Bank BTG Pactual to Launch Dollar-Backed Stablecoin

Зміст

TokenInsight

Інші статті, опубліковані 4 квіт. 2023 р.

🗒 Daily Newsletter | Tuesday, Apr 04, 2023

Buterin Weighs in on zk-EVMs Impact on Decentralization and Security

TEKKON Informatic (Mar 2023)

BitKeep Wallet Reaches 10 Million Users, Plans for Expansion And Innovation

President Buhari seeks the approval of the Data Protection Bill from the Senate

TRON Academy Celebrates Milestones as Blockchain Clubs Research for Innovation

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!