Latam’s Giant Mercado Libre Announces Expansion of Its Stablecoin Project

Quick Summary:

Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries.

The token, developed in partnership with the Argentina-based crypto exchange Ripio, will be launched in Mexico, according to Juan Vita, Senior Director of Product at Mercado Pago.

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Article Details

Author / Journalist: Sergio Goschenko

Category: Crypto

Markets: JapanArgentinaMexico

Topics: Latam Ripio Crypto Mercado libre Cryptocurrency Meli dolar Exchanges

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 04:30:58 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22559090

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Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 13 posts per day

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Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

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Publication Timezone: GMT +8:00

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