Transfero has brought the Digital Brazilian Real to the doorstep of Avalanche. This ambitious launch with far-reaching and all-around positive influence will be instrumental, for Avalanche dApps, in suitably connecting with the entire population of Brazil, bordering around 215 million people.
Transfero, known worldwide, is a global fintech-based organization of repute. It has always focused on blockchain, and in May 2022, it introduced to the Avalanche ecosystem a new fresh stablecoin. The said stablecoin, known as $BRZ, has been successfully attached to the officially recognized currency of Brazil, the Brazilian Real. In this optimistic scenario, with all consequences looking upward, the doors will be opened to connect the entire population of Brazil to Avalanche DeFi and Web3 more systematically and seamlessly.
The primary focus and involvement of Transfero is the minting of the stablecoin $BRZ, together with controlling all aspects that go into it effectively. Presently, all important activities at Transfero are centered around ably creating a far more updated decentralized financial system.
On the other hand, in the blockchain line of work, Avalanche is indeed the very swiftest smart contract platform. It is also known globally for being extremely low cost and inclined toward green. In all of these activities, Avalanche has been successful in leaving all competition way behind.
Therefore, it is most acceptable and understandable that this lucrative and mutually beneficial coming together will provide all users in Brazil a more direct entry and connection with Avalanche DeFi, making the scenario extremely useful, beneficial, and convenient for them.
In the very words of the CEO of Transfero, Thiago Cesar, the highly professional team involved with $BRZ are indeed in a very encouraging situation, as they can now visualize all of the Brazilian population being able to use their native currency in their taking part in all DeFi protocols, and thus being exposed to further improvements in terms of speed, all security aspects, and complete dependability.