Brazilian Stablecoin Opens Door to the Country’s Double-Digit Yields

Brazilian stablecoin opens door to the country’s double-digit yields - WorldNL Magazine

Crown, a São Paulo-based fintech company, has raised $8.1 million to launch a Brazilian real–denominated stablecoin designed to give institutional investors access to Brazil’s high-yield fixed-income market. The new stablecoin, called BRLV, could make it easier for global investors to tap the country’s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls.BRLV is fully backed by Brazilian g…

Brazil’s BRLV Stablecoin Offers Global Investors Gateway to 14% Bond Yields - Blockonomi

TLDR Crown has raised $8.1 million to launch BRLV, a stablecoin backed by Brazilian government bonds. BRLV provides global investors with access to Brazil’s double-digit bond yields, free from local regulatory hurdles. The stablecoin is fully backed by Brazilian government bonds, providing a safer investment alternative. Crown plans to share income generated from bonds with institutional partners, making the model fairer. Brazil is leading Lati…

Brazilian stablecoin opens door to the country’s double-digit yields

Crown raises $8.1 million to launch BRLV, a real-backed stablecoin giving investors streamlined exposure to Brazil’s high-yield fixed-income market.

Framework Ventures Leads $8.1M Seed Round for Brazilian Fintech Crown

Quick take: The fundraising also attracted participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Ed Wible, co-founder of Nubank. As a part of the deal, Wible is also joining Crown’s board. Unlike other stablecoins like Circle’s USDC, BRLV shares its revenue with institutional partners, distributing a portion of the yield from government bond holdings. Crown, a Brazilian fintech from São Paulo, has raised $8.1 mil…

Crown raises $8.1M to launch BRLV, a Brazilian real-backed stablecoin

Framework Ventures leads Crown’s $8.1 million seed round to fund BRLV, a fully backed Brazilian real stablecoin with institutional yield features.