Paradigm invests $13.50 million in Brazilian stablecoin startup Crown
2025-12-08 13:13:33
Crypto venture capital firm Paradigm has announced a $13.5 million investment in Brazilian stablecoin startup Crown, valuing the company at $900,000. Crown's BRLV stablecoin, pegged to the Brazilian real and fully backed by Brazilian government bonds, has become the world's largest emerging market stablecoin. Unlike Tether, which has zero interest rates, BRLV offers institutional clients up to 15% of Brazil's base rate, with subscriptions now exceeding R 360 million (~ $66 million).
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