The BRL1 Consortium, responsible for the BRL1 stablecoin, is about to take a significant step in its growth trajectory. During the Criptorama event, held by the Brazilian Cryptoeconomics Association (ABCripto) at Cainvest in São Paulo, the consortium announced the integration of the digital asset, backed by the Brazilian real, into 20 more international exchanges. The initiative will expand the stablecoin's presence to new strategic markets in different parts of the world.
BRL1, created by Bitso, Foxbit, Mercado Bitcoin and Cainvest, will expand to global financial centers such as Dubai, London and Singapore, facilitating transactions in strategic regions.
Cainvest drives BRL1's global expansion with a focus on stability
For Charles Aboulafia, CEO of Cainvest, this expansion is an important milestone for the consortium and for the digital assets market as a whole.
The 20 new exchanges reinforce our vision of building a more integrated and accessible digital asset market for Brazilians and global investors. With BRL1, we deliver a stable, secure digital asset with guaranteed liquidity, ideal for both international transactions and for those who want to invest with confidence, he highlighted.
Cainvest, the sole banking member of the BRL1 Consortium, leads financial services in the Cayman Islands and operates in four countries, providing liquidity to the Brazilian market and serving large financial institutions.
This new phase of the BRL1 Consortium should accelerate the adoption of the stablecoin and strengthen a more stable cryptocurrency market. With the new partnerships, an exponential growth in issuances is expected, consolidating the asset as a reliable and globally accessible alternative.
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