Ripple has celebrated the Brazilian Real Stablecoin on the XRP Ledger. This announcement came as Brazil, leading LATAM in cryptocurrency trading, showcased $6B trading volume in 2024, rising as a significant player in South America.
Binance, a leading cryptocurrency exchange platform, has introduced trading pairs for Notcoin and Dogwifhat, with Binance unveiling a fee promotion, thereby bolstering Bitcoin and Ether trading in the Argentine, Brazilian, and South African currencies. Adding to this, Brazil's Central Bank has uploaded
CBDC files to GitHub, as the digital BRL Rollout looks imminent, suggesting a rise in the adoption of digital currencies in the country. This development coincided with DREX: Brazil's new digital currency, being assigned a name. In a further boost for the country's cryptocurrency status, KuCoin Exchange has leveraged the new Brazilian Central Bank policy to lead in supporting BRL transfers via PIX. Coinbase, another dominant figure in the crypto sphere, entered the Brazilian market by partnering with Pix Payment App. While showing promise, Binance had to suspend withdrawals and deposits in Brazil due to new Central Bank Policy regulations. Meanwhile, with a record 100,000 Bitcoin traded in 24 hours, Brazil's movement in the crypto market has been noticeable. OKX, asserting its position in Brazil's crypto landscape, launched a new crypto exchange and Web3 Wallet, introducing a negative fee model for high-balance users.
BRL Coin News Analytics from Wed, 02 Jul 2008 07:00:00 GMT to Sun, 21 Jul 2024 03:22:06 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
