BTG Pactual, Latin America’s largest investment bank, announced the launch of its first stablecoin via crypto platform Mynt.
The Brazilian bank said on Tuesday it will launch a US dollar-pegged stablecoin to position itself in the digital assets market. This stablecoin, called BTG Dol, will be used through the bank’s crypto asset platform Mynt and BTG Pactual’s own investment system.
Portilho: BTG Dol Will Ensure Safe Investment
BTG Pactual explained in a statement that it sees this asset as a new tool for investors looking to dollarize their portfolios. In addition, the bank stated that they will provide all security rules for the asset, such as due diligence, anti-money laundering and compliance processes.
Commenting on the subject, Marcel Monteiro, Mynt Operations Manager: “We recently launched eight new assets. We currently have 22 cryptocurrencies on the platform. Now we also have our own stablecoin,” he said.
BTG Pactual’s Head of Digital Assets Andre Portilho was among those who commented on the subject. Portilho commented: “Once again, we have innovated in using financial technology for the benefit of our customers. With BTG Dol, investors will be able to invest in dollars in an easier, safer and smarter way.”
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