About Charles Aboulafia

The crypto exchanges Bitso, Foxbit, and Mercado Bitcoin (MB), together with Cainvest, an international liquidity provider, announced the launch of BRL1, a stablecoin pegged to the Brazilian real. Initially created to eliminate barriers in the movement of Brazilian real values between national and international exchanges, BRL1 aims to make the Brazilian market much more liquid and attractive. Developed through a pioneering consortium among the four companies, BRL1 emerges as the most efficient and accessible way to transfer Brazilian reais between cryptocurrency platforms in Brazil and abroad, offering speed, liquidity, and integration among the key players in the sector.