Investment Statement from Stablecoin Issuer ECSA

Brazil-based stablecoin issuer ECSA has announced that it has received a $3 billion investment to bring major transport currencies to the Blockchain network.

Stablecoin issuer ECSA has announced that it has successfully completed its pre-seed funding round. In the company statement, Y Combinator and Arca led the pre-seed funding round.

Currency carry trading is when an investor borrows a low-yielding currency known as a funding currency to buy higher yielding currencies such as the Brazilian Real and Mexican Peso. The trader then provides the difference in interest rates between the two as profits. Making a statement on the subject, ECSA’s co-founder JOAO Aguiar said: “Currencies such as the dollar (USD) and the euro (EUR) are already well represented on the Blockchain network. Therefore, we complete the equation.”

Finally, stablecoins are cryptocurrencies whose values are pegged to a reserve asset such as the US dollar or gold.