The crypto services platform Paxos announced today that MercadoPago, the financial services arm of the Latin American market portal MercadoLibre, will provide its Brazilian customers with the opportunity to buy, sell and hold the USD-backed stablecoin USDP issued by Bitcoin, Ethereum and Paxos.
This is Paxos’s second LATAM integration this week as a Uruguayan-based application Prex is also integrated Paxos. Importantly, this news from Paxos, MercadoLibre and MercadoPago represents one of the largest ways to obtain stablecoins in non-cryptographic wallets so far.
“Any Brazilian user who wants to hold U.S. dollars can now seamlessly hold U.S. dollars in MercadoPago by obtaining USDP. MercadoPago and Paxos have created the easiest way for Brazilians to obtain and hold U.S. dollars and Brazilian reals. “
– Paxos team