Latin America's largest investment bank BTG Pactual launches USD stablecoin BTG Dol

BTG Pactual, Latin America's largest investment bank, recently announced the launch of its first USD stablecoin, BTG Dol, through its cryptocurrency platform Mynt. According to BTG Pactual, the asset will be backed and managed by the bank, providing a secure framework for due diligence, anti-money laundering, and compliance procedures.

BTG Dol will be available on Mynt, the bank's own cryptocurrency platform, as well as through BTG Pactual's investment system. The goal of BTG Dol is to provide Latin American customers with a more convenient, secure, and transparent way to conduct cross-border payments, remittances, and trade financing.

BTG Dol is the world's first USD-backed stablecoin issued by a bank, and can serve as a reference and model for other countries and regions, promoting the development of a diversified and multipolar global financial system.