MercadoPago, the digital banking arm of Latin America’s largest firm, MercadoLibre, has introduced the launch of a brand new stablecoin in Brazil
MercadoPago, the digital banking arm of Latin America’s largest firm, MercadoLibre, has introduced the launch of a brand new stablecoin in Brazil. The stablecoin, referred to as Meli Greenback, is pegged to the US greenback.
This strategic transfer goals to offer a extra steady buying energy for its customers, significantly in areas like Venezuela and Argentina, the place forex fluctuations are widespread.
MercadoLibre is a significant e-commerce platform in Latin America, and this monetary product is predicted to reinforce its fintech choices.
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