BTG Pactual, the largest investment bank in Latin America, announces the launch of its first stablecoin through Mynt, the Bank’s crypto platform. BTG Dol is a crypto asset, with a price backed by the US dollar and a 1 to 1 parity, which enables interacting between the traditional financial system and the new digital economy.
BTG Dol is structured as a stablecoin, a type of crypto asset backed by a stable asset, in this case the US dollar (USD), it offers its holders the opportunity to ‘dollarize’ part of their equity in a simple, efficient, and secure manner.
“Once again, we are innovating in using financial technology in our clients’ benefit. When buying BTG Dol, investors have access to an easier, safer and smarter way to invest in dollars”, says André Portilho, Head of Digital Assets at BTG Pactual.
BTG Dol is custodied by BTG Pactual, who guarantees and manages its backing, providing the entire security framework for the asset, such as due diligence, money laundering prevention, and Compliance processes.
For Marcel Monteiro, Head of Operations at Mynt, the new cryptocurrency positions BTG as a benchmark in the market. “We recently launched eight new assets, we already have 22 cryptocurrencies on the platform, and now we have our own stablecoin. This shows that the Bank trusts technology and will continue with its commitment to offering new innovative digital products and services, with the solidity and trust that are BTG’s hallmark”, says Monteiro.
BTG Dol, BTG’s new crypto asset, is now available for purchase on the BTG Pactual investment platform and on the Mynt app. It is possible to start investing from R$ 100.