This Brazilian Bank Is Using Ethereum to Issue a Stablecoin

Crypto New Media

Crypto New Media Press

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. Revealed exclusively to CoinDesk, the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain and is backed 1-for-1 by Brazilian real. The […]

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