Conduit and Braza Group Launch Stablecoin Cross-Border Forex Exchange Service in Brazil

BlockBeats reported on June 12 that, according to CoinDesk, Conduit, a service provider focused on stablecoin cross-border payments, announced on Thursday that it has partnered with Brazil's Braza Group to enable real-time foreign exchange conversion between the Brazilian Real and major foreign currencies using stablecoins.

The service allows users to exchange Brazilian Real for USD or EUR and complete settlements within minutes, significantly outperforming traditional forex systems that typically require up to three days for settlement.