Safra launches Safra Dollar, its own dollar-backed stablecoin.

Safra has issued its own digital currency pegged to the dollar.

Safra Dollar is a stablecoin, an asset registered using blockchain technology—the same as used for crypto assets like bitcoin—and is backed one-to-one by fiat currency.

The bank states that access to the asset as an investment is available to both individual and corporate clients, with a minimum deposit of R$1,000 and next-day liquidity (D+1).

‍