Crypto

Stablecoin USDC Available Through Banks in Mexico and Brazil

Stablecoins are making waves in Brazil, with large regional companies launching initiatives in the segment. Mercado Pago, the digital bank unit of Latin America’s largest company, Mercado Libre (MELI), introduced a stablecoin in Brazil in August. This stablecoin, called Meli Dollar, is tied to the U.S. dollar.

This move by Mercado Pago highlights the increasing adoption of stablecoins in Brazil and the potential they hold for the country’s financial sector. As more companies explore the benefits of stablecoins, we can expect to see further growth and innovation in this space.

Stablecoins offer a way to transact in digital assets while maintaining price stability, making them an attractive option for businesses and consumers alike. With initiatives like Meli Dollar gaining traction, Brazil is poised to become a key player in the stablecoin market.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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