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      ECSA's Logo

      ECSA - Pre-Seed

      Overview Investors Company Profile / Project Introduction

      Overview

      Funding Date

      March 9, 2023

      Financing amount

      $3M

      Valuation

      --

      Catagory

      Others

      Subcategory

      APIs Liquidity Stablecoins

      About ECSA - Pre-Seed

      Brazilian-based stablecoin issuer ECSA has raised $3 million in a Pre-Seed funding round backed by Y Combinator and Arca. ECSA will start by bringing the Brazilian Real on chain. Its BRLe stablecoin is collateralized with Brazilian Treasury Bills and is held in custody by Itau-Unibanco, which is the largest private sector bank in Brazil. The funds from the recent raise will be used to expand the footprint of its stablecoins among investors, exchanges and payment processors, the company said.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2005 47 info@ycombinator.com
      Fund United States of America -- 28 info@ar.ca

      Company Profile / Project Introduction

      ECSA is a stablecoin issue platform that allows for easy conversion of Brazilian Real to BRLe, a fully collateralized stablecoin. The platform's market-making APIs enable real-time swapping of BRLe to USDC, allowing investors and exchanges to access the BRLe yield without worrying about liquidity issues.

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      *Fundraising Announcement: Click here