Mercado Bitcoin, Latin America's largest exchange, partnered with the Stellar Development Foundation to develop a CBDC solution for Brazil's Real Digital project, selected as one of nine finalists in the Central Bank of Brazil's LIFT Challenge.
Mercado Bitcoin, Latin America's largest cryptocurrency exchange, announced a partnership with the Stellar Development Foundation (SDF) to build infrastructure for Brazil's Real Digital central bank digital currency. The project was selected as one of nine finalists in the LIFT Challenge, a Central Bank of Brazil initiative to explore CBDC use cases. Mercado Bitcoin chose Stellar for its speed, efficiency, security, and compliance features. The Real Digital is expected to launch in the second half of 2022 with initial pilots for a restricted audience. SDF joins CPQD and ClearSale in Mercado Bitcoin's consortium, strengthening Stellar's position in CBDC and tokenization projects globally.
