Latin American payment giant Mercado Pago has launched a dollar-pegged stablecoin called "Meli Dollar" in Brazil

ChainCatcher news, according to CoinDesk, Latin American e-commerce giant Mercado Libre's digital bank Mercado Pago has announced the launch of a dollar-pegged stablecoin "Meli Dollar" in Brazil. Users can buy and sell this stablecoin using their Brazilian real balance without any fees. This move aims to provide users with a practical and stable financial management tool.

Previous news, Latin American e-commerce giant Mercado Libre has launched cryptocurrency in Brazil.