May 31, 2022
SAN FRANCISCO, May 31, 2022 – As of today, customers of Mercado Bitcoin, the largest platform for digital assets in Latin America, will have access to USDC issued on the Stellar network, which offers fast and affordable transactions.
It is the first time that the Mercado Bitcoin platform has offered the same asset issued by different networks. Now, with the possibility of transacting using USDC with lower fees, a fraction of one cent per transaction, the customer will be able to choose the network most suitable for their needs.
Since 2014, the Stellar network has been offering safe and cheap transactions. In the first quarter of 2022, it processed an average of $8.6 million a day in payments. Currently, it has also been one of the most chosen networks for payments, tokenization, and issuance of real assets.
“USDC on Stellar provides Mercado Bitcoin customers both valuable interoperability and a truly borderless digital dollar,” said Denelle Dixon, CEO of Stellar Development Foundation. “As we continue our mission of creating equitable access to the global financial system, this integration is a mutually beneficial step forward. MB is one of the largest digital assets exchanges in the southern hemisphere, with the potential to bring significant volume and liquidity to the Stellar network.”
By the end of 2022, the network plans to launch native smart contracts that will unlock the creation of numerous applications, which will further increase the utility of USDC on Stellar.