Expanding USDC Adoption: Circle Partners with Mercado Libre in Chile
Circle, a fintech company, has announced a partnership with Mercado Libre to bring the USDC stablecoin to Mercado Pago, the online payment platform of Mercado Libre. This collaboration aims to introduce USDC to 2 million users in Chile, starting with key markets. Mercado Libre, often referred to as the ‘Amazon of LATAM’ with 200 million users, is rolling out support for USDC, showcasing the growing momentum of digital dollars worldwide. USDC is a stablecoin pegged to the U.S. dollar, and its integration in Chile provides further utility for both cryptocurrency and the U.S. dollar in the country. The launch of USDC on Mercado Pago allows more than two million Mercado Pago users to access an alternative cryptocurrency matching the value of the dollar, diversifying their access to cryptocurrencies. Circle has been proactive in preparing for the increasing involvement of traditional finance and big tech companies in the cryptocurrency and stablecoin sectors, and this partnership further strengthens their position in the market.
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