Review on Brazilian Digital Token by LUIS RIVERO R
Brazil stablecoin.
This is a value token in the etherium network, designed for the protection of value, for the residents of Brazil and in this way they can access the international cryptocurrency markets. The purpose is that any user can exchange their fiat money for this asset and can use it anywhere in the world.
According to official data, it is sought to maintain the price since it will always be backed by reserves held.
In general, this is a stable currency that seeks to gain a place in the now popular launch of stable currencies backed by fiat, if you are looking for a somewhat secure way to avoid the volatility of the markets this may be a good option, as long as you I located in Brazil, and although this is not limited I can point out that its design is mainly for this country, and any request must be made in the currency of Brazil.
Pros
- Easy to acquire as it is available in popular exchanges.
- Currency backed and stable.
- Support with Real de brazil.
- According to official information, the data offered are auditable.
Cons
- The fiat money of the country where it is backed is not stable.
- There is not much information on the net about this asset.
- Social networks little moved.
