TechFlow news, December 8 — According to The Block, crypto venture firm Paradigm has announced a $13.5 million investment in Brazilian stablecoin startup Crown, valuing the company at $90 million. This marks Paradigm's first investment in Brazil and signals its recognition of digital asset potential in emerging markets.
Crown's BRLV stablecoin is pegged to the Brazilian real and fully backed by Brazilian government bonds, making it the largest stablecoin in emerging markets globally. Unlike zero-yield Tether, BRLV offers institutional clients returns of up to 15% based on Brazil's benchmark interest rate, with subscriptions exceeding 360 million reais (approximately $66 million) to date.
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