coinculture.com
In another significant development, crypto exchange Crypto.com and BTG Pactual, the largest investment bank in Latin America, have forged a strategic partnership to extend crypto services across the region. According to an announcement on Feb. 27, the collaboration will kick off with the listing of BTG Pactual’s proprietary stablecoin, BTG DOL, on Crypto.com’s platform.
BTG DOL, introduced in April 2023, stands as the world’s inaugural dollar-backed stablecoin crafted with banking expertise, facilitating a connection between traditional finance and the digital economy. The partnership aims to advocate for BTG DOL as a feasible token for trading pairs with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
“BTG Pactual is a true trailblazer in recognizing the potential of merging traditional finance with digital finance,” remarked Eric Anziani, President and Chief Operating Officer of Crypto.com. “At Crypto.com, we share BTG’s vision of responsibly innovating financial technology to empower the economy. We are immensely proud and thrilled to collaborate with BTG, aiming to expand accessibility to the emerging digital economy in a region with significant potential.”
Having obtained a Payment Institution License from the Central Bank of Brazil in 2022, Crypto.com has been providing its prepaid card charged with crypto services in the country since November 2021. While the specifics are not explicitly outlined in the announcement, it is plausible that BTG DOL could be utilised through Crypto.com’s card services.
“BTG Pactual has consistently led the way in integrating crypto technology into traditional financial markets, showcasing our dedication to innovation and excellence. This announcement marks another stride in this journey, granting our clients unparalleled access to the evolving digital asset landscape,” affirmed Andre Portilho, Partner and Head of the Digital Assets Unit at BTG.