Mercado Bitcoin, the largest digital asset platform in Latin America, has launched a new stablecoin called MBRL, pegged to the Brazilian Real and operating on the TRON blockchain.
What Is MBRL?
MBRL is a stablecoin designed to offer the stability of the Brazilian Real while leveraging the speed and efficiency of blockchain technology. Like other stablecoins, it is tied to real-world assets, minimizing price fluctuations, and providing reliable liquidity for users, allowing transactions 24/7, including weekends and holidays.
How MBRL Works
Users can easily purchase MBRL on Mercado Bitcoin's platform by depositing BRL, receiving stablecoins almost instantly. The management and custody of MBRL are handled by MB Pay, Mercado Bitcoin’s payment institution, ensuring a secure and reliable experience for users.
Brazil’s Growing Crypto Market
Brazil has emerged as a crypto hotspot with a 60.7% increase in net crypto imports in the first nine months of 2024. The rise of stablecoins has driven this growth, now accounting for nearly 70% of all crypto transactions. Mercado Bitcoin is capitalizing on this trend, offering a safer way to hold and transfer value. The central bank plans to regulate stablecoins by 2025, amidst concerns of tax evasion and illegal activities.
The launch of MBRL by Mercado Bitcoin highlights the rapid growth of the crypto market in Brazil and reinforces the use of blockchain technology to provide financial stability and convenience for transactions.
