Circle integrates USDC stabilcoins into the Mercado Pago payment service – Bits Media

American Circle joins the efforts with the Latin American payment giant Mercado Pago, To offer USDC stabilcoin to users from chili.

The company promised, that the release of USD Coin (USDC) Mercado Pago will help more than two million payment users service "Use the advantages of reliable, safe and transparent dollar digital asset for almost instant transactions ".

The parties expect high involvement in the project from the client customers, Thanks to economic uncertainty, high inflation and fall in the national currency course.

“The market in Chile will be the third place of Latin America, After Mexico and Brazil, where USDC stabilcoins will become available to everyone for everyday calculations. Transactions in USDC will be processed through the mediation of the crypto company Rlipio, which will act as a keeper and facilitator of Mercado Pago operations ", - declared
Representative of the Mercado payment platform.

Formerly CEO of Circle Jeremy Ellair (Jeremy allaire) reported, that the company will focus on developing markets, outside the United States. According to Jeremy Ellaire, about 70% USDC is used in Asia, Latin America and Africa, where there is an increased demand for safe and transparent payments.