Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin

Mercado Pago, the digital bank unit of Latin America's largest company, Mercado Libre (MELI), said on Wednesday that it is introducing a stablecoin in Brazil tied to the U.S. dollar.

The company said Mercado Pago's users in Brazil will be able to buy and sell the Meli Dollar stablecoin using account balances in Brazilian reais without incurring

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