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

According to ChainCatcher, CoinDesk reported that Conduit, a service provider specializing in stablecoin cross-border payments, announced on Thursday that it has partnered with Brazil's Braza Group to enable real-time foreign exchange between the Brazilian Real and major foreign currencies through stablecoins. This service allows users to exchange Brazilian Real for US Dollars or Euros and complete settlements within minutes, significantly outperforming the traditional foreign exchange system, which typically requires up to three days for settlement.