Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate.

Latin American Nations Sign Pact to Fight Inflation

4月に 5, eleven countries in Latin America, including Argentina, ブラジル, Chile, Colombia, Cuba, とベネズエラ, signed an agreement to fight inflation by adopting a system that will create facilities for exporting and importing basic goods. The priority is to allow citizens to obtain these goods at affordable prices.

For this, the countries agreed to “advance in the definition of commercial facilities, as well as logistical, financial and other measures, that allow the exchange of products of the basic basket and intermediate goods to occur in better conditions.”

Andres Lopez Obrador, president of Mexico, 誰 提案した this agreement back in March,, 述べました:

We can make exchanges economically, commercially, if we agree and remove obstacles, tariffs, sanitary measures, and each country has something to offer. All with the purpose that food and basic products can arrive at a better price.

BTG Pactual Launches Dollar-Pegged Stablecoin

4月に 4, BTG Pactual, a Brazilian investment bank that 報告 以上 $100 billion in assets under management in Q4 2022, launched the BTG Dol, a dollar-pegged stablecoin. Touted as the first stablecoin asset launched by a bank, it seeks to bridge the traditional finance and digital finance worlds in Brazil, allowing users to mint it by paying only 0.5% for the conversion.

André Portilho, head of Digital Assets at BTG Pactual, 述べました that the development of this new stablecoin will give customers an “easier, safer, and smarter way to invest in dollars.” The dollar-pegged stablecoin and the funds backing it will be managed by BTG Pactual.

Argentine Government Debuts New Dollar Exchange Rate

The Argentine government will offer a new exchange rate to agricultural producers so they can liquidate their products at a higher rate (300 pesos per U.S. ドル) than what was offered before. The goal of the initiative is to accumulate more than nine billion dollars to reinforce the country’s reserves.

The government needs to accumulate at least $8 billion by December, in order to comply with agreements made with the International Monetary Fund (IMF). The government has a negative balance, having invested $3.4 billion this year in stabilizing the value of the Argentine peso, and facing high inflation and devaluation levels.

What do out think about the developments in Latin America this week? Tell us in the comment section below.

セルジオ・ゴシェンコ

セルジオはベネズエラを拠点とする暗号通貨ジャーナリストです. 彼は自分自身をゲームに遅刻したと説明しています, 12月に価格が上昇したときに暗号圏に参入 2017. コンピュータ工学のバックグラウンドを持つ, ベネズエラ在住, 社会レベルでの暗号通貨ブームの影響を受けている, 彼は、仮想通貨の成功と、それが銀行口座を持たず、十分なサービスを受けていない人々をどのように助けるかについて、異なる視点を提供します.

画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ