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Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
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Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin

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...