Capa Partners with Brale to Manage On-Chain Rates for Non-USD Stablecoins

At Capa, we are committed to building the core financial infrastructure that powers stablecoin adoption across Latin America—and beyond. Today, we’re proud to announce a new partnership with Brale, a leading stablecoin issuer focused on real-world asset-backed digital currencies.

As part of this collaboration, Capa is now managing on-chain market-making for MXNe, Brale’s Mexican peso-denominated stablecoin. This means Capa is directly responsible for maintaining efficient, liquid, and reliable on-chain rates for MXNe, helping to create a stronger, more usable stablecoin ecosystem for businesses and platforms operating across Latin America.

Why This Matters

While USD-backed stablecoins have dominated early adoption, non-USD stablecoins are critical to unlocking real-world use cases like local settlements, FX optimization, and cross-border trade in emerging markets. However, without deep liquidity and reliable price discovery, many non-USD stablecoins have struggled to achieve real traction.

Through this partnership, Capa provides:

• On-chain liquidity management for MXNe

• Dynamic, transparent rate optimization

• Greater stability and usability for non-USD stablecoins

• A foundation for broader multi-currency stablecoin adoption across the region

This is part of our broader mission to make stablecoins programmable, compliant, and truly usable across diverse local economies—not just tied to the U.S. dollar.

What’s Next

With MXNe live and supported by Capa, businesses now have a more reliable way to engage with stablecoin-based operations denominated in Mexican pesos.
This is just the first step: Capa is building infrastructure to support a broader set of local stablecoins across Latin America and emerging markets.

Interested in stablecoin liquidity management or multi-currency rails in LATAM?
Connect with us at business.capa.fi