News Explorer — Circle Partners With Mercado Libre to Bring USDC to Chile

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Aug 30, 5:32 am

Cointelegraph

Circle Partners With Mercado Libre to Bring USDC to Chile

Stablecoin issuer Circle has partnered with Mercado Libre to bring its USD Coin stablecoin to Mercado Pago, expanding the utility of cryptocurrency and the U.S. dollar in Chile. With over 200 million users, Mercado Libre aims to diversify access to cryptocurrencies and offer an alternative that matches the value of the dollar to its two million Mercado Pago users. This partnership follows Mercado Libre's previous integration of the Pax Dollar stablecoin for users in Mexico.

Stablecoin issuer Circle has partnered with Mercado Libre to bring its USD Coin stablecoin to Mercado Pago, expanding the utility of cryptocurrency and the U.S. dollar in Chile. With over 200 million users, Mercado Libre aims to diversify access to cryptocurrencies and offer an alternative that matches the value of the dollar to its two million Mercado Pago users. This partnership follows Mercado Libre's previous integration of the Pax Dollar stablecoin for users in Mexico.

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