Mercado Bitcoin partners with Stellar Development Foundation to develop a Real Digital CBDC solution for Brazil's Central Bank, selected as one of nine projects in the LIFT Challenge to explore use cases for the Brazilian digital currency.
Mercado Bitcoin, Latin America's largest exchange, has partnered with the Stellar Development Foundation (SDF) to build a Real Digital CBDC solution as part of Brazil's Central Bank (Bacen) LIFT Challenge initiative. The project is one of nine selected to explore use cases for the Brazilian digital currency, expected to launch in the second half of 2022. Mercado Bitcoin chose Stellar for its speed, efficiency, security, and compliance features, joining a consortium with CPQD and ClearSale. Stellar's native capabilities for asset issuance, KYC/AML compliance, fast settlement (5 seconds), high scalability (200 TPS), and low transaction costs make it well-suited for CBDC and tokenization projects.