In 2022, the Brazilian CBDC pilot was officially announced, unveiling the plan to create a digital real pilot. This digital currency would be pegged to the national fiat currency, the real, ensuring a stable value.
To maintain control and manage its supply, the digital real would be gradually minted over time, resulting in a fixed and limited issuance of the currency.
Digital Real Takes Center Stage As Possibilities Unfold
Boasting a population of 214 million, the largest country in Latin America continues to attract global cryptocurrency companies. Its size and significance make it an appealing destination for businesses in the crypto industry.
A collaboration between Binance and Mastercard resulted in the introduction of a prepaid crypto card in Brazil earlier this year. In March, Coinbase forged partnerships with local payment providers, enabling users to purchase cryptocurrencies and facilitating deposits and withdrawals in the…
