Viabilidade de implantação do Drex para antecipação de recebíveis: uma análise aplicada ao contexto de uma Fintech.

Abstract

Given the financial fragility of Brazilian companies, where 2.1 million businesses closed in 2023, the research seeks innovative solutions to assist with cash flow management. This study analyzes the viability of digital currencies, focusing on DREX, the digital currency of the Central Bank of Brazil, and the stablecoins USDT and USDC, for optimizing receivables anticipation in a Fintech. The goal is to compare the viability of DREX with the stablecoins USDT and USDC for receivables anticipation operations, considering criteria such as costs, security, regulation, and operational efficiency. The methodology of this research uses a qualitative approach, with a literature review, documentary analysis of Brazilian laws and reports from the Central Bank of Brazil, and market capitalization data collection. The stablecoins were classified using the ABC methodology. The data were analyzed using a decision matrix. The results showed that DREX stands out for its strong national regulation and integration with the traditional financial system, while USDC offers greater transparency and global acceptance. USDT, although dominant in the market, has been criticized for its lack of independent audits. Therefore, DREX has the potential to facilitate the anticipation of receivables in the Brazilian context, reducing costs and increasing legal certainty. Its gradual implementation with pilot tests and user training is recommended.