Brazilian Crypto Giants Team Up to Launch Real-Pegged Stablecoin

Bitso, Mercado Bitcoin and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. The cryptographic consortium (…)