$USDC
USDC Arrives in Chile: Mercado Pago and Circle Launch Digital Dollar for Over 2 Million Users 🪙🇨🇱
In a strategic alliance that marks a milestone in cryptocurrency adoption in Latin America, Mercado Pago and Circle have integrated the USD Coin (USDC) stablecoin into Mercado Libre's digital payments platform in Chile. This initiative allows more than 2 million Chilean users to buy, sell, and store USDC directly from the Mercado Pago app.
USDC is a stablecoin whose value is pegged to the US dollar, offering a reliable digital alternative to preserve value in the face of economic volatility. Matías Spagui, Senior Director of Mercado Pago, highlighted: "With the launch of this stablecoin, we seek to diversify access to cryptocurrencies and offer users an alternative that matches the value of the dollar."
The integration of USDC into Mercado Pago also responds to the growing demand for digital financial solutions in the region. Rachel Mayer, Circle's Vice President of Product, noted that Latin America is becoming an epicenter of the digital economy, and that this collaboration is a fundamental step toward providing more accessible financial solutions.
Furthermore, Mercado Pago has recently expanded its functionality, allowing users to transfer cryptocurrencies, including USDC, to and from other digital wallets. This feature positions Mercado Pago as the first digital account in Chile to offer a full range of financial options on a single platform. Mercado Pago launches new functionality to transfer cryptocurrencies to and from other wallets
With this initiative, Chile joins Brazil and Mexico in adopting USDC through Mercado Pago, consolidating the presence of stablecoins in Latin America and offering users tools for greater financial inclusion in the digital age 🇨🇱🪙🌎🌟💸💵
