February 27, 2024 – Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and BTG Pactual (BTG), the largest investment bank in Latin America, today announced a new agreement to further advance crypto banking services across the region.
As an initial focus, Crypto.com will enable the listing of BTG DOL, BTG group’s proprietary stablecoin with a 1:1 parity with the US dollar (USD). BTG DOL was launched in April 2023 and is the world’s first dollar-backed stablecoin with the expertise and support of a bank, enabling reliable interaction between the traditional financial system and the new digital economy. Crypto.com and BTG will also collaborate in promoting BTG DOL as an efficient token for trading pairs with major crypto assets, such as BTC and ETH. Through this foundation and moving forward, Crypto.com and BTG’s goal is to catalyze the digital economy throughout Latin America and effectively bridge traditional and digital finance for customers.
“BTG Pactual is a true pioneer in seeing the potential of traditional finance and digital finance collaboration,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “We at Crypto.com share BTGs vision of innovating financial technology responsibly to empower the economy. We are incredibly proud and excited to partner with BTG, and to help broaden accessibility to the emerging digital economy in a significantly high potential region.”