• BTG Pactual, the largest investment bank in Latin America, is launching its first stablecoin called BTG Dol.
• The stablecoin will be backed by the US dollar on a 1 to 1 parity and users can invest in it with a minimum of 100 Rands (around $5.58).
• The custodial responsibilities of BTG Dol are handled by BTG Pactual and it aims to offer its users an easier, safer and smarter way to invest in dollars.
Largest LatAm Investment Bank Launches Stablecoin
BTG Pactual, the most significant investment bank in Latin America, is launching its first stablecoin called BTG Dol on April 5. This stablecoin will be backed by the US dollar on a 1:1 parity to provide a better connection between the digital economy and traditional one.
Features of BTG Dol
BTG Dol will be launched on Mynt, which is a standalone app that offers a seamless user experience and educational content about crypto. It will also take on the custodial responsibilities of BTG Dol such as backing, security, due diligence and money laundering prevention. Users can invest in this stablecoin from Mynt with a minimum amount of 100 Rands (around $5.58). This provides users with an easier, safer and smarter way to invest in dollars through the platform.
Similar Stablecoins
Switzerland-based Centi recently announced its own Centi Franc Stablecoin (CCHF) which is backed on a one-on-one parity with Swiss francs. However, both these coins do not share similar goals; while BTG Dol aims at allowing users to dollarize their portfolios, CCHF is designed to serve as the “basis” for a blockchain-based payment platform.
Benefits of Investing Through Crypto Platforms
Investing through crypto platforms like Mynt offers many benefits such as easy access, low fees and fast transactions compared to traditional markets or financial institutions like banks or stock exchanges. Additionally it also provides greater liquidity for investors who are looking for more accessible trading opportunities without any complications or delays due to long processes involved with traditional banking methods such as paperwork or lengthy waiting times for transactions to go through etc.
Conclusion
Investing through crypto platforms like Mynt has many advantages over investing via traditional methods such as faster transactions times and lower fees among others; this makes them ideal for those who want more accessible trading opportunities but don’t have time or resources available for long wait times associated with traditional banking methods such as paperwork etcetera . With companies like BTG Pactual launching their own stablecoins , investing through cryptocurrencies is becoming increasingly popular among seasoned investors as well novice ones alike since they offer reliable returns at minimal risk levels compared other forms of investments available out there today!
