Mercado Pago is introducing the Meli Dollar stablecoin in Brazil, allowing users to transact seamlessly with U.S. dollar ties while avoiding fees on account balances.
The launch of the Meli Dollar represents an important step in Mercado Pago's commitment to providing practical financial solutions, leveraging stablecoins for user convenience.
Ripio will be the market maker for transactions on Mercado Pago, enhancing the trading capabilities of the newly introduced Meli Dollar stablecoin.
This initiative follows Mercado Libre's earlier cryptocurrency launch, Mercado Coin, which provided users with novel ways to engage with digital currencies on their platform.
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