Brazilian Stablecoins

Treasurer Paying Overseas Suppliers: Stablecoin FX Through an OTC Desk, Settled in Minutes in Brazil

The routine of a treasury paying overseas suppliers through the Crown FX OTC desk: quote, confirm, execute and settle in minutes.

For a treasurer paying suppliers abroad, the Crown FX OTC desk replaces a wait of up to two business days with settlement in minutes. The treasury deals directly with Crown’s operators on WhatsApp or Slack.

The routine

  1. Ask the operator for a quote.
  2. Receive the price with the whole spread on view.
  3. Confirm; execution is immediate at the locked price, within operating limits.
  4. Real-time settlement: Pix for reais, USDC for dollars.
  5. Monthly Central Bank reporting is consolidated by Crown.

Parameters. A documented ceiling of US$ 100,000 per payment operation. Settlement in minutes, or on D+1 or D+2 if preferred. Forwarding the USDC to the supplier is done by the company, between wallets.

See paying Brazilian suppliers with a stablecoin, the Liquidity Provider and FX-as-a-Service models and KYC and AML controls at a BRL stablecoin issuer.