Bitcoin Market Launches MBRL Stablecoin on the TRON Blockchain, Pegged to the Brazilian Real

São Paulo, November 18, 2024 – Mercado bitcoin (MB), the largest digital asset platform in Latin America, announces the launch of the MBRL stablecoin on the TRON blockchain. The MBRL stablecoin presents an innovative means of payment that combines the trust and stability of Brazilian fiat currency with the utility and ease of tokenization.

The MBRL stablecoin is an MB project that uses the TRON network by integrating with blockchain. This integration aims to create a fast, accessible and scalable smart contract platform. MBRL is designed to act as a reliable store of value with liquidity for withdrawals 24 hours a day, including weekends and holidays. Additionally, MBRL can be easily integrated into blockchain wallets, DeFi platforms, and dApps, making it incredibly versatile and easy to use.

Lucca Benedetti, product analyst at MB, commented:

“The introduction of MBRL is an important milestone for both MB and the growing crypto community in Brazil. The TRON blockchain has already seen widespread adoption in the region. We are further solidifying our presence within the TRON ecosystem through the launch of MBRL. “I look forward to seeing the positive effects MBRL will bring.”

Sam Elfarra, TRON DAO community spokesperson, commented:

“We are delighted to see the launch of MRBL in the TRON ecosystem. The launch is an important step forward in our mission to provide accessible, efficient and scalable blockchain solutions globally, showcasing the versatility and robustness of the TRON network. I believe MRBL will play a key role in accelerating the adoption of blockchain technology across the region.”

The TRON Network, the trusted network for developers, institutions and individuals around the world, is an open source Layer 1 blockchain protocol with over 271 million user accounts. With a total transfer volume exceeding $14 trillion, TRON stands out for its ability to efficiently handle transactions large and small. Its speed and cost-effectiveness make it especially popular among retail users for fast, frequent, low-value transactions such as remittances, micropayments, and peer-to-peer transfers. Leveraging the TRON network will allow MB to offer users faster and more reliable asset transfers with lower fees, improving the overall efficiency and accessibility of transactions.

Customers in supported jurisdictions can now purchase MBRL on the Mercado bitcoin offering book or issue it directly with a BRL deposit. They then receive MBRL stablecoins, which can be easily done in just a few seconds. The management and custody of the assets is carried out by MB Pay, Mercado bitcoin's payment institution.

About bitcoin Market

With 4 million clients in 11 years of operation, Mercado bitcoin is the leading digital asset investment platform in Latin America and a benchmark in blockchain and tokenized economy, operating with the highest standards of transparency and financial integrity. It is Brazil's first crypto unicorn and has been audited since 2018 and since 2022 by EY, one of the largest auditing firms in the world.

bitcoin Market – Agência Pub
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About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.

Founded in September 2017 by Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, which has over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 271 million total user accounts on the blockchain, over 8.9 billion total transactions, and over $18 billion in total value locked (TVL), as reported on TRONSCAN.

Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin worldwide, surpassing USDT on ethereum as of April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. blocks. In addition to government support to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica's global fanfare, seven existing TRON-based tokens: TRX, BTT, nft, JST, USDD , USDT, TUSD, have been granted legal status as an authorized digital currency and medium of exchange in the country.