Today BTG Pactual, one of South America’s largest investment banks, announced the launch of BTG Dol, a dollar-backed stablecoin. The crypto asset is offered as part of the bank’s Mynt crypto platform and is portrayed as providing investors the opportunity to ‘dollarize’ part of their portfolio.
“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,” said André Portilho, Head of Digital Assets at BTG Pactual.
The bank says it provides custody for the tokens and backing assets, manages the backing assets and looks after compliance processes such as anti money laundering (AML).
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