Cryptocurrency exchanges in Brazil will purportedly be among the first platforms to offer a stablecoin pegged one-to-one with the Brazilian real.
The paper also notes that most stablecoins are currently pegged to the U.S. dollar — including Tether (USDT), Gemini Dollar (GUSD), and USD Coin (USDC) — whereas the Real-T would purportedly be the first stablecoin for the real.
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