Episode #175: Inside BRL1 - Brazil's Liquidity Layer with Thomaz Teixeira and Ben Reid
About this episode
The episode discusses the BRL1 stablecoin project and its impact on the Brazilian crypto market.
🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join the BCR English language Telegram group to continue the conversation Olá pessoal! For today’s episode I’m joined by Thomaz Teixeira, CEO of BRL1, and Ben Reid, Head of Stablecoins at Bitso, to discuss the BRL1 stablecoin project. BRL1 represents a departure from the typical competitive dynamics we see in crypto markets. Instead of each exchange launching its own stablecoin, major Brazilian platforms Mercado Bitcoin, Bitso, Foxbit, and Cainvest formed a consortium to build shared infrastructure. Despite launching just months ago, BRL1 has already achieved impressive market penetration, r egularly trading as the sixth or seventh highest-volume crypto asset on Brazilian exchanges, ahead of established tokens like Dogecoin and sometimes even Solana. More significantly, BRL1 is capturing roughly half the trading volume of USDC in Brazil on centralized exchanges , a remarkable feat considering every user already had access to dollar-denominated stablecoins. What makes BRL1 particularly compelling is its focus on institutional use cases. The project is attracting significant interest…
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- Episode #180: Why Brazil is a World Class Blockchain Talent Hub with Owen Healy
- Episode 179: BRL Stablecoin Deep Dive with Rodrigo Trindade
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- Episode #177: No Place To Hide: Brazil's New Crypto Tax Regime with Thiago Barbosa
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