Circle partners with Mercado Pago to bring USDC to Chile
Fintech firms Circle and Mercado Pago have announced a strategic alliance to introduce the USDC stablecoin to Chilean customers. A U.S. payment company, Circle and the biggest online payment platform in Latin America, Mercado Pago, announced a strategic collaboration to introduce the USDC stablecoin to customers in Chile on Aug. 29. This collaboration comes at a time when Chile, along with other countries in the region, is grappling with economic instability and heightened inflation rates. “Amidst the ongoing economic turbulence, the U.S. dollar stands as a beacon of financial stability,” stated Matías Spagui, senior director at Mercado Pago. The main goal of the partnership is to “diversify access to cryptocurrencies,” giving people a financial instrument to manage their wealth. 1/ Catch insights from @waichi3 & Spencer Spinnell (VP, Americas) as they detail the opportunities that #Web3 & digital dollars like $USDC bring to communities & #devs ...