Brazil’s largest crypto exchange partners with Stellar to work on CBDC
On May 24th, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the development of a Brazilian CBDC.
Mercado Bitcoin CEO Renaldo Rabello said that the company hopes to build robust solutions using Stellar’s blockchain technology. This should be sufficient to meet all the criteria required for evaluation and future approval of a Brazilian CBDC.