Transfero BRZ Expand to Avalanche
Transfero BRZ Expand to Avalanche, The launch gives Avalanche dApps a new way to reach Brazil’s 215 million people.
Transfero, a worldwide banking corporation with a blockchain focust has introduced a new stablecoin to the Avalanche ecosystem. The stablecoin $BRZ is linked to the Brazilian Real, the country’s official currency. With the introduction of the stablecoin, the 215 million Brazilians now have better access to Avalanche and Web3.Transfero BRZ Expand to Avalanche Ecosystem
The integration comes as Brazilians are embracing DeFi. The most recent Chainalysis DeFi Global Adoption Index lists Brazil’s DeFi adoption in the top 20 of all countries, and in the top two of Latin American countries.
The BRZ team is very excited to move into the Avalanche ecosystem. To start, they will have pools on Pangolin and Trader Joe.
Transfero mints and controls $BRZ, one of the biggest non-dollar stablecoins in cryptocurrency. Transfero is minting local stablecoins in new countries after discovering that non-dollar stablecoins offer access, financial hedging, and other benefits.
Transfero’s objective: a more decentralized financial system.
The platform’s leadership calls Avalanche “a prime blockchain for DeFi operations” due to high TPS, Subnets, and the potential demand for a Brazilian stablecoin on-chain as a result of Avalanche having a vibrant DeFi ecosystem.
With this new integration, Avalanche DeFi is now more accessible to Brazilian users. In addition, Avalanche-based exchanges and dApps have a more direct entrance into the Brazilian market.
About Transfero
Transfero is an international company of financial solutions based on blockchain technology. Based in the Crypto Valley, Switzerland, its objective is to promote access to the crypto asset universe, enabling a safe transition to a more decentralized financial system through solutions such as Transfero Payments, a fiat gateway that integrates with all Brazilian banks, providing a reliable connection for global platforms interested in the Latin American market.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
SOURCE:
https://medium.com/avalancheavax/transfero-brings-digital-brazilian-real-to-avalanche-65e9a61b203
