PicPay, a Brazil-based digital payments app, plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022.
https://www.coindesk.com/business/2022/07/12/brazilian-fintech-picpay-to-launch-crypto-exchange-real-tied-stablecoin/
CoinDesk
Brazilian Fintech PicPay to Launch Crypto Exchange, Real-Tied Stablecoin
The company, which has 30 million active users, will offer bitcoin, ether and USDP trading.