BTG Pactual, the largest investment bank in Latin America, announces the launch of its first stablecoin through Mynt, the Bank’s crypto asset platform. BTG Dol is a crypto asset, priced against the US dollar with a 1 to 1 parity, allowing interaction between the traditional financial system and the new digital economy.
The BTG Dol is structured as a stablecoin, a type of crypto asset backed by a stable asset, in this case the US dollar (USD), offering its holders the opportunity to ‘dollarize’ part of their wealth in a simple, efficient, and secure way.
“Once again, we are innovating in the use of financial technology for the benefit of our clients. By purchasing 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.
The BTG Dol is custodied by BTG Pactual, which guarantees and manages its backing, providing the entire security framework for the asset, including due diligence, anti-money laundering prevention, and Compliance processes.
For Marcel Monteiro, Head of Operations at Mynt, the new cryptocurrency positions BTG as a market reference. “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 the technology and will continue its commitment to offering new innovative digital products and services, with the solidity and trust that are the hallmark of BTG,” says Monteiro.
The BTG Dol, BTG’s new crypto asset, is now available for purchase on BTG Pactual’s investment platform and on the Mynt app. You can start investing from R$ 100.