Midas Capital Partners With Transfero

Ana Marie — Thu, 27 Oct 2022 14:59:14 +0000

Midas Capital Partners With Transfero

Midas Capital Partners With Transfero. The BNB ecosystem at Midas Capital is expanding with the launch of the Transfero Stables pool. The pool will enable users to borrow BRZ, a stablecoin pegged to the Brazilian Real. With this pool, users can collateralize and borrow blue chip crypto assets such as BTC, ETH, and BNB with BRZ and enable various strategies.

This will be the first DeFi money market enabling users to borrow and collateralize a Brazilian Real stablecoin. For users who want to operate with the Brazilian Real as their base currency, they can now do so without needing to consider FX swap rates between the Brazilian Real and USD.

About the pool

Initial pool structure:

Collateral: BTC (70% LTV), ETH (70% LTV), 3BRL (80% LTV), MAI (70% LTV), BRZ (70% LTV), WBNB (70% LTV)

Borrowable: BRZ, BTC, ETH, MAI, WBNB

Access The Pool

Pushing Down Borders With BRZ

The BRZ token, which was the first stablecoin in the world to be pegged to the Brazilian real, is empowering Brazilian users to be a part of the crypto ecosystem through their native currency. This allows users to operate directly in Brazilian Real without needing to consider Brazilian Real and USD price movements. The BRZ token is built-up on top of Ethereum, Solana, BNB Chain, Polygon, and many more chains, offering an unparalleled opportunity for a multi-chain ecosystem.

With the Midas pool, Brazilian users will be able to borrow their native currency against their blue chip assets, such as BTC, ETH, and BNB, or collateralize their native currency against these blue chip assets. The pool on BNB may just be the beginning of Transfero’s partnership with Midas, and in the future, we may see a multi-chain ecosystem with many other local markets available for users to borrow and earn yield with.

About Transfero

Specializing in offering financial solutions using Blockchain technology, Transfero was created with the aim of facilitating the entry of investors into this new global financial system. In addition to offering resource management services, purchase/sale of cryptos, and payment processing, among others, Transfero also contributes to the popularization of crypto assets through a free online financial education platform. The platform has a global presence, with specialized partnerships to transform the crypto market in Latin America.

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About Midas Capital

Midas Capital bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, & protocols to create customized and isolated pools for lending and borrowing any asset. The Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters according to their risk appetite. With isolated pools, Midas offers stellar features for large-scale institutions, protocols, and traditional investors.

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Transfero BRZ Expand to Avalanche

Jewel — Sat, 17 Sep 2022 21:59:22 +0000

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.

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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.

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