Num Finance Partners with TruBit to Accelerate nARS Adoption in Latin America

Num Finance, an Argentina-based stablecoin issuer, has teamed up with crypto exchange TruBit to drive the adoption of its stablecoin, nARS, in Latin America. Here are the key points:

– Integration with TruBit Pro Exchange: The partnership aims to integrate nARS into TruBit Pro Exchange’s trading platform, providing users with flexible access to the stablecoin.
– Expansion Strategy: The alliance is a crucial part of Num Finance’s expansion plan, allowing for more utility for nARS users and expanding trading opportunities for stablecoin users.
– Increased Market Presence: Listing nARS on TruBit extends its market presence, making it available to more users through various offerings, including deposit, withdrawal, and trading functionalities.
– Staking Yields: TruBit’s platform enables users to stake nARS and earn staking yields by holding the stablecoin in their wallets for a specific period.
– USDT/nARS Trading Pairs: The addition of USDT/nARS trading pairs enhances the order-book trading feature, offering users faster and more efficient fund conversions.

Num Finance and TruBit to Provide Financial Solutions in Latin America

Num Finance aims to provide financial solutions in underserved regions, with nARS serving as a peso-pegged stablecoin on the Polygon network. Here’s what you need to know:

– Focusing on Latin America: Num Finance’s stablecoin services primarily target Latin American (LATAM) users, enabling access to quality financial products such as yields and loans.
– Shared Vision: TruBit’s vision aligns with Num’s, with both companies focusing on the LATAM market.
– Protection Against Inflation: The USDT/nARS pair offers users the option to earn yields, protecting them against inflation.
– Convenient Trading Services: TruBit’s subsidiaries across Latin American countries, including Colombia, Mexico, Brazil, and Argentina, aim to provide convenient, flexible, and comprehensive crypto trading services.

Latin America’s Growing Crypto Market

Latin America has emerged as a significant hub for cryptocurrency, attracting several crypto exchanges. Here are the key details:

– Impressive Growth: Between July 2021 and June 2022, Latin America received $562 billion in crypto assets, representing a year-on-year growth of 40%.
– Seventh-Largest Market: Latin America is now the world’s seventh-largest crypto market, highlighting its importance in the crypto industry.

Hot Take

The partnership between Num Finance and TruBit is a significant step in expanding the adoption of nARS in Latin America. By integrating the stablecoin into TruBit’s trading platform and offering various utilities, users in the region can benefit from flexible access, staking yields, and faster fund conversions. As Latin America’s crypto market continues to grow, this collaboration demonstrates the commitment to providing financial solutions and convenient trading services to the underserved in the region.