Stellar Lumens will support the first stablecoin in Brazil with the help of Mercado Bitcoin

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The expansion of the Stellar Lumens network to the Brazilian cryptographic market has recently been announced through a stable cryptocurrency known by its acronym MBRL and which is promoted by the most important cryptocurrency exchange in Brazil (Bitcoin Market).

This stable cryptocurrency is developed on the Stellar (XLM) blockchain and It is presented as the first stable currency in Brazil, a market with enormous potential that has presented one of the highest growth in Latin America in recent years. and that it will now be able to use a stable currency to boost the adoption of blockchain applications in Brazil, developing solutions for users’ daily transactions.

The future of Stellar Lumens.

Although the Stellar ecosystem is still in its early stages of development compared to other networks such as Ethereum, BSC or Bitcoin, this network has received tremendous adoption by key institutional investors such as Circle, MoneyGram, and BlackRock, among othersthat day by day can observe the benefits offered by this decentralized open source protocol.

The Stellar Lumens ecosystem continues to build bridges to connect with other blockchains and ensure the scalability of their Dapps. In addition, the Stellar network supports a number of wallets, including hot and cold crypto storage. Additionally, the XLM coin is listed on several popular cryptocurrency exchanges, such as Coinbase Global, Kraken, Binance, Bittrex, Bitfinex, and Upbit, among others.

In conclusion.

The Stellar community will benefit significantly from Mercado Bitcoin’s MBRL stablecoin through increased on-chain activity. In addition, MBRL stablecoin transactions will need to pay fees on the Stellar Lumens blockchain via XLM.

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