Bank

Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
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April 5, 2023April 6, 2023Crypto

Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin

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BTG Pactual, one of Latin America’s largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform, Mynt. The stablecoin, BTG Dol, is the world’s first dollar-backed stablecoin issued by a bank, BTG Pactual said in an announcement on Tuesday. The São Paulo, Brazil-based bank said it is enabling clients to “dollarize part of...

Kraken Will Open Its Own Bank
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March 7, 2023March 7, 2023Business

Kraken Will Open Its Own Bank

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Kraken crypto exchange has revealed plans to open its own bank soon. The project is moving towards an early launch, Kraken general counsel Marco Santori told The Block. Kraken is an American centralized cryptocurrency exchange founded in 2011. The platform ranks 20th in terms of daily trading volume over the past 24 hours with an...