Conduit and Braza Group Launch Stablecoin FX Swap Service in Brazil

Stablecoins are becoming increasingly popular in the field of cross-border payments, and the sector is expected to see significant growth by 2030. It is reported that Conduit has partnered with Brazil's Braza Group to enable real-time foreign exchange swaps between the Brazilian real, US dollar, and euro using stablecoins. This service allows users to exchange Brazilian reals for US dollars or euros and settle transactions with stablecoins within minutes. (CoinDesk)