Brazil Crypto Report #175: Inside BRL1 - Brazil's Liquidity Layer with Thomaz Teixeira and Ben Reid
Thomaz Teixeira, CEO of BRL1, and Ben Reid, Head of Stablecoins at Bitso, join host Aaron Stanley to discuss the BRL1 stablecoin project.
BRL1 is a one-to-one Brazilian real-pegged token developed by a unique consortium of major crypto exchanges including Mercado Bitcoin, Bitso, Foxbit, and Cainvest.
We explore how competitors joined forces to build shared infrastructure that reduces friction for market makers and liquidity providers moving value across global exchanges.
Teixeira and Reid highlight BRL1's impressive early traction, with the token already ranking as the sixth or seventh highest-volume asset on Brazilian exchanges despite launching just months ago.
We examine how the consortium model creates network effects that drive adoption, the growing interest from institutional market makers positioning for local currency stablecoins, and how BRL1 addresses interoperability challenges similar to those the now-shuttered Drex project aimed to solve.
You can connect with Thomaz and Ben on Linkedin
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