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BTG Pactual Launches Stablecoin Backed by USD

The Brazilian investment firm BTG Pactual has announced that it would be introducing its very own stable currency, which will be known as BTG Dol. The bank's custody services will be required in order to have access to the stablecoin, which will have a one-to-one correlation with the US dollar as its backing. This action is in line with a trend that has been seen by major financial institutions all over the globe to provide crypto assets services to their respective client bases. The decision made by BTG Pactual comes at a time when interest in crypto assets is continuing to increase on a global scale.

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