Brazilian Development Bank to Introduce Stablecoin

Brazilian Development Bank to Introduce Stablecoin

An announcement has been made by the Brazilian Development Bank (BNDES) regarding their plan to launch a stablecoin named BNDES token which will run on Ethereum blockchain. The BNDES system development manager, Vanessa Almeida explained, “We can enforce rules using smart contracts. The company that receives the money can only spend it with companies that are working within the sector.”

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