$BTC Conduit and Braza Group Launch Stablecoin Cross-Border Foreign Exchange Service in Brazil

BlockBeats News, June 12, according to CoinDesk, Conduit, a service provider focused on stablecoin cross-border payments, announced on Thursday that it has partnered with Brazil's Braza Group to achieve real-time foreign exchange between the Brazilian Real and major foreign currencies using stablecoins. This service allows users to exchange Brazilian Reais for US dollars or euros, and settlements can be completed in a matter of minutes, significantly better than the traditional foreign exchange systems, which usually require up to three days for settlement.