Mercado Libre Launched USD-pegged Meli Dollar Stablecoin In Brazil

Quick Summary:

Latin American e-commerce fixture Mercado Libre has issued a dollar-pegged stablecoin in Brazil through its financial arm, Mercado Pago.  Brazil is the multinational retailer’s largest market.

The new stablecoin is called the Meli Dollar and will be traded through the Mercado Pago app.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaBrazilChileMexico

Topics: Mercado Libre Meli Dollar Launched Stablecoin USD-pegged News Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 07:24:49 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 355 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22225610

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