Mercado Libre Launches Dollar-Pegged Stablecoin, Meli Dollar, in Brazil

Mercado Libre Launches Dollar-Pegged Stablecoin, Meli Dollar, in Brazil

Mercado Libre, Latin America's largest e-commerce company, has launched a dollar-pegged stablecoin called Meli Dollar in Brazil. The move is seen as a significant step in the adoption of digital currencies in the region. Meli Dollar will be available to Mercado Libre users in Brazil, who will be able to buy and sell the stablecoin with Brazilian reals with no fees. The stablecoin is backed by US dollars, which means that its value will be pegged to the US dollar. The launch of Meli Dollar is seen as a major development in the adoption of digital currencies in Latin America. It is the first stablecoin to be launched by a major e-commerce company in the region, and it could help to drive the adoption of digital currencies among consumers and businesses. Mercado Libre has a large and loyal customer base in Brazil, and the launch of Meli Dollar could help to increase the adoption of digital currencies in the country. The company has said that it plans to expand the availability of Meli Dollar to other countries in Latin America in the future. The launch of Meli Dollar is a significant development in the adoption of digital currencies in Latin America. It is the first stablecoin to be launched by a major e-commerce company in the region, and it could help to drive the adoption of digital currencies among consumers and businesses.