Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the Meli Dollar, for the Brazilian market. The development was completed in partnership with Ripio, an Argentine cryptocurrency exchange.
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MercadoLibre's fintech launches its own dollar-backed 'stablecoin' in Brazil
Latin American e-commerce giant MercadoLibre's financial technology arm Mercado Pago announced on Wednesday that it has started making a so-called stablecoin priced in U.S. dollars at a one-to-one value available to its clients in Brazil.
