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News Explorer — Brazilian Stablecoin Startup ECSA Raises $3M Pre-Seed Round

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Mar 9, 2:01 pm

The Block

Brazilian Stablecoin Startup ECSA Raises $3M Pre-Seed Round

ECSA, a Brazilian-based stablecoin issuer, has raised $3 million to bring its carry currencies on-chain. This pre-seed funding round saw participation from investors such as Y Combinator and Arca. ECSA will start by bringing the Brazilian Real on chain, with its BRLe stablecoin being collateralized with Brazilian Treasury Bills and held in custody by Itau-Unibanco.

ECSA, a Brazilian-based stablecoin issuer, has raised $3 million to bring its carry currencies on-chain. This pre-seed funding round saw participation from investors such as Y Combinator and Arca. ECSA will start by bringing the Brazilian Real on chain, with its BRLe stablecoin being collateralized with Brazilian Treasury Bills and held in custody by Itau-Unibanco.

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