Brazilian cryptocurrency exchanges are reportedly starting to integrate the Real-T stablecoin into their platforms.
Real-T, a stablecoin linked to the Brazilian real, will soon be included in PagCripto, Nox Trading, 3xBit, and Bitcambio cryptocurrency exchanges.
The stablecoin, which has been developed by Real-T Tecnologia S.A., is a token based on ethereum's ERC-20 protocol and is fully backed by fiat money. The company, in order to prove that the crypto is really backed by fiat money, will regularly publish information about the bank account in which the Brazilian real reserves are stored.
The project's white paper highlights that Real-T is the first stablecoin pegged to the Brazilian national currency, since most stablecoins are backed by the U.S. dollar.
These exchanges are the new platforms on which the stablecoin will be launched, however, they are neither the first nor the last, as Real-T was added to the Stratum crypto exchange on May 9 and then to CBX on May 10.
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