They had a dollar. Within the cryptocurrency ecosystem, stablecoins occupy a special place. In fact, they are the link between this digital economy and the real world populated by flat taxes and geographically established currencies. Moreover, they allow cross borders with the brand new ease offered by blockchain. An option now embraced by the banking giants or companies striving for structural independence. Such as the e-commerce giant Mercado Libre who just released her brand new They had a dollar in Brazil.
Stablecoins: a new monetary revolution?
Traditional money market – resulting from agreements of Bretton Woods – is experiencing his last moments. Because stablecoin revolutionbacked or unbacked by fiat currency, is in the process of redrawing the boundaries of this sector geo-locked and speculatively open.
A situation already widely expected banking giantsor leaders in digital payments PayPal. Because the launch of its stablecoin PYUSD is a success, largely supported its recent deployment in the Solana network.
Stablecoins really don’t mess with each other highly taxed border crossing. And their transfer is instantaneous and transparent thanks to the blockchain technology that enables their deployment. As for example with The Taproot Assets option is now available on the Bitcoin Lightning Network.
The frenzy of development that seems to know no bounds. That’s enough to motivate the Latin American e-commerce giant Mercado Libre has issue your own stablecoin in dollar parity in the territory Brazil.
Mercado Libre Launches Meli Dollar (MELI) Stablecoin
The financial branch has just officially announced this information Mercado Pago from the e-commerce giant Mercado Libre. This about the launch of a stablecoin called Meli Dollar which, as its name suggests, will backed by the USD dollar.
“Today we are announcing the Meli Dollar buying and selling service in Brazil through Mercado Pago. Our stablecoin has parity with the value of the US dollar. (…) To make this offering viable, we have partnered with Ripio to act as a market maker and exchange for operations. »
Andres Chavez
The cash option introduced by Mercado Pago vice president Andres Chaves as “an alternative for (those) customers who want protect against exchange rate fluctuations. » All designed without any feesin the case of a Meli Dollar purchase with Brazilian reals to a Mercado Pago account. But also as part of any operation performed during the initial phase of its introduction.
Brazil is known for being a very stablecoin loving country. A situation that the local e-commerce giant Mercado Libre integrated well. And a dynamic in which he has been actively involved for several years. Like when starting it Mercado Coins in 2022 and its partnership with projects like USDP in Mexico or integration USDC in Chile.