Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
Now let's watch the US bankster cartel try to stop a sovereign USD stablecoin.
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt.
BTG Dol is available for purchase starting from 100 real ($20) in the bank's crypto app Mynt, which it rolled out in 2021 and which now supports 22 cryptocurrencies.
And the brazilian government wants to launch a CBDC in only a few years. This give me nightmares, because the brazilian government is corrupt and destructive, and the taxes can take >50% of your money 😐
lol. good point.
At the moment, their USD-peg is only within Mynt - we shall see if they extend it to other networks.
The irony of some people dreading the dollar collapse, while others accumulate. Indeed, many countries have been buying dollars to pay off their dollar debts ;-)
If the central banksters have not thoroughly corrupted and crippled their gov, this is a good time to buy back sovereign bonds at much cheaper prices. IF they have any money!
big IF.
corrupted gov and captured agencies will do whatever is the worst option.