Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services and leverage it as a digital representation of the U.S. dollar for payments and savings.
Circle to Enter Chile and Latam via Mercado Pago
Circle, the financial services company behind the issuance of USDC, one of the top three stablecoins by market cap, has partnered with Mercado Pago, the digital payments wallet of Mercado Libre that has been including cryptocurrency in some markets, to introduce USDC to Chilean customers. According to a press release, the agreement will allow the more than 2 million Mercado Pago users in Chile to access the USDC stablecoin and leverage it for payment and saving purposes.
Matías Spagui, Senior Director of Mercado Pago, commented on the relevance of this move for Chilean
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