PANews reported on October 14 that according to Blockworks, Brazilian stablecoin fintech company Crown announced the completion of a US$8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. It is reported that BRLV is different from US dollar-denominated stablecoins such as USDC. It will provide native revenue sharing to institutional partners and distribute a portion of the income from government bonds held to institutions.PANews reported on October 14 that according to Blockworks, Brazilian stablecoin fintech company Crown announced the completion of a US$8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. It is reported that BRLV is different from US dollar-denominated stablecoins such as USDC. It will provide native revenue sharing to institutional partners and distribute a portion of the income from government bonds held to institutions.
Stablecoin fintech company Crown completes $8.1 million seed round of financing, led by Framework Ventures
2025/10/14 22:59
PANews reported on October 14 that according to Blockworks, Brazilian stablecoin fintech company Crown announced the completion of a US$8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. It is reported that BRLV is different from US dollar-denominated stablecoins such as USDC. It will provide native revenue sharing to institutional partners and distribute a portion of the income from government bonds held to institutions.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Bitcoin Whale Moves Spark Concern as ETH and MAGACOIN FINANCE Emerge Best Altcoins to Buy
Bitcoin is the largest cryptocurrency, and whale activity is raising a new question concerning its market stability. Massive transfers, unlocked wallets, and exchange deposits are generating concern and speculation. Meanwhile, whales are diversifying their investments, igniting increased attention to Ethereum and new prospects like MAGACOIN FINANCE. Institutional adoption and whale accumulation make Ethereum unique compared […]
Share
2025/09/22 02:00
The Best Crypto Presale 2025 Set To Surge: Tokens Whales Are Watching And Buying (EcoYield, Snorter, MAXI)
In recent months, institutional appetite for crypto presales has picked up as funds and traders look for projects with measurable […] The post The Best Crypto Presale 2025 Set To Surge: Tokens Whales Are Watching And Buying (EcoYield, Snorter, MAXI) appeared first on Coindoo.
Share
2025/10/25 15:14
Why is XRP price up today? Key drivers explained
XRP’s upward momentum is potentially driven by mass accumulation, aggressive buying pressure, and a shift in market sentiment.
Share
2025/10/25 14:00