Challenge

With a focus on Latin American currencies, Transfero has emerged as a leading fintech company in emerging market stablecoins. Processing over 1 million transactions since 2022 and maintaining more than $200 million in monthly trading volume, their flagship stablecoin BRZ has become the largest non-USD stablecoin globally. Beyond BRZ, the company now offers ARZ for Argentina and has recently launched CLZ in Chile.

Traditional stablecoins face significant challenges with single-chain limitations, including fragmented liquidity and security risks from wrapped tokens.

Solution

Transfero selected Wormhole’s Native Token Transfers (NTT) framework to take its stablecoin suite, including BRZ, ARZ, and CLZ, natively multichain. This integration expands Transfero’s reach and brings its emerging market stablecoins to users across multiple blockchain networks.

Wormhole NTT (Native Token Transfers) is a flexible and open framework for seamlessly transferring native tokens across chains while preserving their intrinsic properties on all networks. The framework has achieved the highest security standards through Wormhole’s battle-tested infrastructure, with a total value of $27 billion secured by NTT to date.

Results

Integrating Wormhole’s NTT framework has enabled Transfero to:

• Seamlessly deploy BRZ, ARZ, and CLZ across multiple chains, expanding access for users in Latin America and beyond.
• Maintain a unified stablecoin supply across all networks, enhancing liquidity and accessibility.
• Ensure secure and efficient multichain transactions, reinforcing Transfero’s position as a leader in emerging market stablecoins.

Leading protocols and their tokens such as Lido’s wstETH and Sky’s USDS rely on NTT for their multichain operations, demonstrating the framework’s reliability. Major institutions and institutional-grade stablecoins like Securitize, Agora, Deep Blue, and M^0 have further solidified NTT’s trusted status through their integrations.