Conduit, Braza Group Debut Stablecoin Forex Swaps for Cross-Border Payments in Brazil

Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil's Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins.The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in minutes with stablecoins —a sharp departure from the traditional FX infrastructure, where settlement can take up to three days, according to the press release source: https://www.coindesk.com/business/2025/06/12/conduit-braza-group-debut-stablecoin-forex-swaps-for-cross-border-payments-in-brazil