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Crypto.com Collaborates with Leading Investment Bank in Latin America to Enhance Cryptocurrency Banking Solutions
Crypto exchange Crypto.com has formed a partnership with BTG Pactual, one of the largest banking entities in Latin America, to enhance crypto banking services in the region, as stated in a press release dated February 27.
The exchange will now feature BTG Pactual’s BTG Dol, a stablecoin that is pegged to the US Dollar at a 1:1 ratio. In its announcement, Crypto.com highlighted that this new partnership aims to promote the adoption of the stablecoin by pairing it with well-known crypto assets.
BTG Dol Listing Details
According to the exchange, BTG Dol will be paired with major crypto assets like Bitcoin and Ether to facilitate the promotion of the stablecoin.
https://t.co/vCNztATkNg and BTG Pactual are collaborating to enhance crypto-powered banking services in Latin America and beyond
Together, we’re dedicated to securely and reliably connecting #tradfi and #crypto across the region
Learn more: https://t.co/OIGLhRlQVy pic.twitter.com/GYUuzKRoKE
— Crypto.com (@cryptocom) February 27, 2024
The listing of the stablecoin aligns with the overarching goal of the strategic alliance – to foster the digital economy and crypto banking services in Latin America while bridging the divide between traditional and digital finance for its users.
Crypto.com and BTG Pactual Partnership
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In the release, Andre Portilho, head of digital assets at BTG, remarked that the partnership with Crypto.com will assist BTG in navigating an “evolving digital asset landscape.”
“BTG Pactual has always been at the forefront of integrating crypto technology into traditional financial markets, showcasing our dedication to innovation and excellence,” Portilho stated. “This announcement marks another milestone in this journey, offering our clients unmatched access to the evolving digital asset landscape.”
The stablecoin was first launched in April 2023 with the aim of allowing holders to dollarize a portion of their equity. BTG Dol is built on BTG’s proprietary crypto technology platform, Mynt, which facilitates user investments in crypto.
In the announcement, Portilho underscored that the stablecoin is intended to provide investors with a more convenient and secure method for making dollar-denominated investments.
Crypto.com CEO Eric Anziani perceives significant potential in the Latin America region.
“BTG Pactual is a true pioneer in recognizing the potential for collaboration between traditional finance and digital finance,” Anziani stated in the release. “We are extremely proud and enthusiastic about partnering with BTG, and to assist in expanding access to the emerging digital economy in a region with considerable potential.”
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