BRL1 Consortium Announces Expansion to 20 New Exchanges during Criptorama

The BRL1 Consortium, responsible for the creation of the BRL1 stablecoin, will soon announce the expansion of its operations to more than 20 international exchanges, expanding the reach of the Brazilian real-backed digital asset to several countries around the world. The announcement took place during the Criptorama, an event organized by the Brazilian Cryptoeconomics Association (ABCrypto), in the Cainvest space, in Sao Paulo.

BRL1, which emerged from the collaboration between Bitso, Foxbit, Mercado Bitcoin Cainvest, announced that it will partner with partners operating in key markets such as Mexico City, San Francisco, Luxembourg, Dubai, Cayman Islands, Singapore, London, Buenos Aires, Taipei, Gibraltar, among others. This expansion will mark an important step in the development of the digital asset market and promises to facilitate transactions with stablecoin on a global scale, making it accessible to investors and users in strategic regions.

Charles Aboulafia, CEO of Cainvest, explains the importance of the entry of new partners to the Consortium.“The 20 new exchanges reinforce our vision of building a more integrated and accessible digital asset market for Brazilians and investors around the world.With BRL1, we are delivering a stable, secure and liquidity-assured digital asset, ideal for international transactions and those who want to invest with confidence,” states.

Cainvest, the only banking member of the BRL1 Consortium, has a prominent trajectory in the international banking market. Founded in 2006, Cainvest, recognized as a leader in financial services for banking institutions in the Cayman Islands, representing 60% of the local banking market, with robust operations in four countries, providing specialized financial solutions to large banking and financial institutions in Brazil and abroad. Acting in four countries, Cainvest is the main B2B player to provide liquidity to the Brazilian financial market, with a portfolio that covers large institutional clients.

The expansion of the BRL1 Consortium will represent another breakthrough in the cryptocurrency market, promoting a new era of stable and affordable transactions in a rapidly changing global financial scenario.The consortium expects that, with these new partnerships, the volume of BRL1 emissions will grow exponentially, meeting the demand for digital assets backed by local currency with liquidity and transparency.