Paxos has partnered with Mercado Libre to bring the regulated Pax Dollar (USDP) to Mexico. The stablecoin, which is backed by the U.S. dollar, will be accessible on the Mercado Pago payment platform for all customers in the country. This collaboration is part of Paxos’ investment in Latin America and aims to provide access to key financial services to millions of users in Mexico.
Key points:
– Paxos is teaming up with Mercado Libre to make the regulated Pax Dollar available in Mexico.
– The stablecoin will be accessible on the Mercado Pago payment platform to all customers in the country.
– This partnership is part of Paxos’ investment in Latin America and aims to democratize access to commerce and financial services in the region.
Hot take:
Paxos’ collaboration with Mercado Libre to bring the regulated Pax Dollar to Mexico is a significant step in expanding the accessibility of digital asset solutions in Latin America. By providing access to a stablecoin backed by the U.S. dollar, this partnership aims to democratize access to financial services and commerce for millions of users in Mexico. This move further solidifies Paxos’ commitment to the Latin American market and demonstrates the growing adoption and demand for digital asset solutions in the region.
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