Paradigm has invested $13.5 million in Crown, a Brazilian stablecoin company, valuing it at around $90 million. This is Paradigm's first venture into the Brazilian market. Crown's stablecoin, BRLV, is pegged to the Brazilian Real and is fully backed by Brazilian government bonds, valued at approximately 360 million reais ($66 million). The BRLV targets institutional clients, offering high interest rates of about 15% in Brazil. Paradigm highlights Crown's strong scale effect and potential for rapid growth in the region.