Paradigm Invests $13.5 Million in the Brazilian Real Stablecoin Issuer Crown
Prefer us on Google
BlockBeats News, December 8th, Paradigm announced on Monday that it has invested $13.5 million in funding in stablecoin startup Crown's Series A round, valuing the company at $90 million.
It is worth noting that this is Paradigm's first investment in the Brazilian market. Paradigm's investment and research partner, Brazilian Ricardo de Arruda, stated that Crown's leadership team and their past experience in fintech and institutional client services were key factors in Paradigm's decision to make it their first investment in Brazil.
Crown is the issuer of the BRLV stablecoin, which is pegged to the Brazilian Real (BRL). Crown has stated that its token has become the largest stablecoin in emerging markets worldwide. BRLV is fully backed by Brazilian government bonds.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Analyst: The Bitcoin daily Bollinger Bands have narrowed to a new low since early 2024, which may indicate a volatility of about 40%
Zeno's Digital Twin Paradigm and DeSci's Tech Democratization
UK Sanctions Bust "Professional Money Launderer" Ordered to Pay Around $7.6 Million Fine
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
Musk, Ronaldo Spotted at the White House, Attending Trump's State Dinner for Saudi Crown Prince
The mastermind of a 60,000 BTC money laundering case, Qian Zhimin, is expected to be released in 2030
The mastermind of a 60,000 BTC money laundering case, Qian Zhimin, has been sentenced to 11 years and 8 months in prison
Chinese Tianjin Police: Actively Cooperating with UK Law Enforcement on Money Zhi-min Case Cross-border Pursuit and Asset Recovery
K-Pop K-Drama ‘Spring Of Youth’ Offers Music, Romance And A Mystery
HTX DeepThink: Opportunities Concentrate on Profitable and Fund-Supported Assets, BTC Still Has Room for Recovery After Consolidation
Why Did Sui (SUI) Crypto Price Jump 44%? Crypto OI and Leverage Explain the Rally
See why Sui (SUI) jumped 44%, how crypto OI and leverage amplified the rally, what the pullback means, and how to trade SUI on WEEX.
CFTC Chair Calls for "Mass Tokenization"! Wall Street Faces Three Barriers to Full On-Chain Adoption
NSE Stock IPO Drew $10 Billion in Bids: Inside the 5.7x Oversubscription
NSE's IPO drew more than $10 billion in bids but institutional buyers subscribed at up to 17x while retail demand spent most of the window still short of full subscription.
AI: DeepSeek and Kimi Allegedly Redirected Queries to Claude Without Users' Knowledge
Coinbase scammer gets 4–12 years for nearly $16M theft
NSE Stock Price Debuts Today at a Valuation Higher Than Nasdaq: Here's the Reason
NSE listed today at roughly 43 times earnings higher than Nasdaq, ICE, and Hong Kong Exchanges combined and analysts say investors aren't just pricing the exchange, they're pricing India's growth story.
XRPL to Implement Major Upgrade on October 5: Adding Permission Delegation Feature
Stablecoin 2.0: Who Receives the Interest from Your Stablecoins?
Is Avalanche the ‘Designated’ Tokenization Chain for ICE After a Year of Testing?
Is the 1 Billion POL Burn Just a Joke?
67% of the wealthy own digital assets, but the crypto adoption gap remains huge
Trump-Xi: The 3 Issues Threatening Bitcoin and Cryptocurrencies
48% of Gen Z Finds Emerging Investments Like Cryptocurrency Attractive, US Bank Survey
Solana Dominates Ethereum on Fees, but ETH Maintains Lead on Burn
How to Rewrite Internet Rules When Everyone Has an Indefatigable Agent
Bitwise survey finds 1%-2% crypto allocations dominate
唐华斑竹: Nearly $1 Billion Net Inflow for Bitcoin ETF in a Single Day
Patrick Witt Defends Trump's Crypto Investment Persuasiveness, Points to Bank Lobbyists as the Real Force Behind the Clarity Act
Circle expands CCTP to EURC and cirBTC on Arc
FedNow readies cross-border support for U.S. banks
Analyst: The Bitcoin daily Bollinger Bands have narrowed to a new low since early 2024, which may indicate a volatility of about 40%
Zeno's Digital Twin Paradigm and DeSci's Tech Democratization
UK Sanctions Bust "Professional Money Launderer" Ordered to Pay Around $7.6 Million Fine
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
Musk, Ronaldo Spotted at the White House, Attending Trump's State Dinner for Saudi Crown Prince
The mastermind of a 60,000 BTC money laundering case, Qian Zhimin, is expected to be released in 2030
