Brazilian Fintech PicPay to Launch Cryptocurrency Exchange and Stablecoin $BRC

Brazilian fintech PicPay has announced the launch of a cryptocurrency exchange, scheduled for August next year, which will initially support Bitcoin, Ethereum and Paxos USDP stablecoin. At the same time, PicPay will launch a stablecoin Brazilian Real Coin ($BRC) pegged 1:1 to the price of the country's official fiat currency, the Real, which will be available in third-party wallets. In addition, PicPay will launch a service linked to NFT and Metaverse.