Circle and MercadoPago Team Up to Launch USDC in Chile
Circle, the stablecoin issuer, has partnered with Latin American fintech giant MercadoPago to offer USDC in Chile. This move is part of Circle’s expansion into the Latin American region, which CEO Jeremy Allaire has identified as a key market for USDC adoption. MercadoPago’s mobile app will allow users to buy or sell USDC for as little as $0.05, making it accessible to a wide range of users. Chilean exchanges already support stablecoins, but Circle’s partnership with MercadoPago aims to drive further adoption. This collaboration reflects the current macroeconomic landscape in Chile, where the country has experienced low inflation rates. Circle’s backing of MercadoPago launching USDC is seen as crucial for the Chilean market, as it provides easier access to dollar-denominated stablecoins.
– Circle partners with MercadoPago to offer USDC in Chile
– USDC adoption is significant outside the United States
– MercadoPago’s mobile app allows users to buy or sell USDC from $0.05
– Circle’s partnership aims to drive more adoption in Chile
– Easier access to dollar-denominated stablecoins in Chile through MercadoPago
With MercadoPago’s credibility and penetration in the region, Circle believes this partnership will help establish the crypto economy as a mainstream financial option in Latin America.
By
By
By
By