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New Listing: BRLT Stable Coin
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The first stablecoin for the Brazilian market denominated BRLT developed by Settle Network, is live and available on Liquid.
What is BRLT Coin?
BRLT is the stablecoin for Brazilian Reais and is fully-backed by domestic currencies and preserve a 1:1 rate between them and local currencies, involving blockchain monitoring, AML controls and bank grade KYC verification.
“The partnership with Liquid enables not only the trading of Argentina Peso and Brazilian Real in a leading platform like Liquid, but also enables a scalable and compliant framework for fiat-to-crypto interoperability. Partners like Liquid can enable new currencies while they can also enable complaint payments rails for Argentineans and Brazilians to access Liquid with their local currencies. Settle provides such rails in partnership with Stellar.”, stated Jack Saracco, Head of Business Development and Partnerships at Settle Network.
Latin America has illustrated one of the largest needs and use cases for blockchain and cryptocurrency adoption, because of its inflation, lack of financial stability and lack of trust in local currencies. Argentina and Brazil in particular are the leading markets in Latin America and where remittance and cross-border payments are needed the most. This is the reason why it is a key moment for crypto adoption regarding Latin American users. The new Settle Network stablecoin, BRLT, allows users to virtually send Brazilian Reais (BRL) in a matter of seconds, opening a new world of possibilities for international remittances and cross border payments.
What is Settle Network?
Settle Network is the largest fiat-to-crypto on and off ramp, oriented to deploy and thrive global crypto business and operations locally. Settle solves the challenges of accepting and making payments globally, by running on top of a powerful layer of fintech & compliance infrastructure that leverages the liquidity of digital assets and local currencies to allow for cross border payments in a seamless manner. The company counts with one of the most experienced teams in compliant fiat to crypto operations in Latin America and has partnered with the most relevant players in the industry.
BRLT Listing Details
Listing Date: February 14th, 2022 at 3 PM (JST).
Listing pair: USDC/BRLT.
From 14th of February, 2022 -28th of February, 2022 we offer 0 fees for trading BRLT pairs on Liquid.