Many Brazillian crypto exchange platforms are rising to support a new stablecoin named Real-T. It is an Ethereum-based ERC-20 token that is pegged to the Brazillian real. REALT launched on May 9 on the exchange stratum. It allows depositing, withdrawal, and trading with USDT as well. It is the first of its kind to pegged with the real.

The crypto platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio are expected to issue this new stablecoin. According to its whitepaper, the creator company Real-T Tecnologia S.A. will provide its bank statement for proving the support of Real-T in fiat currency.

Brazil is actively participating in many cryptos and blockchain related projects. Recently, Blockchain consortium R3 announced to develop a blockchain platform in Brazil. This platform will focus on foreign trade and the insurance sector. R3 is collaborating with major Brazillian banks for this project.