Major Brazilian crypto exchanges have formed a consortium to launch a new stablecoin pegged to the Brazilian real. Bitso, Mercado Bitcoin, Foxbit, and Cainvest are working together to create BRL1, which will be backed by reais and government bonds. They plan to launch BRL1 by the end of 2024. The goal is to make transactions The post BRL1 Stablecoin to Launch in Brazil, Backed by Reais and Bonds appeared first on Coin Edition .