Latin America: Stablecoin Race Heats Up
Global Finance
SEPTEMBER 4, 2024
Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Foreign currency-backed stablecoins are widely seen as the next big thing in Latin America.
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