ChainCatcher news, the digital asset platform Mercado Bitcoin (MB) announced the launch of the MBRL stablecoin on the TRON blockchain. The MBRL stablecoin combines the trust and stability of the Brazilian fiat currency with the utility and ease of use of tokenization. MBRL is designed to serve as a store of value, with 24/7 (including weekends and public holidays) withdrawal liquidity.

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.

ChainCatcher news, one of Brazil's largest cryptocurrency exchanges, Mercado Bitcoin, has announced the launch of a lending product that uses cryptocurrency as collateral, which will be paid to users in the local currency. This is the company's first such product, having received a payment institution license from the central bank last year.To avoid high risks associated with clearing, Mercado Bitcoin will limit loans to 30% of the holdings of exchange users. The exchange holds over $900 million in crypto assets, which means a credit capacity of over $300 million.

ChainCatcher news, according to its Q1 2024 filing, Latin American e-commerce giant Mercado Libre holds over $40 million in cryptocurrency. The company revealed that as of March 31, it held 412.7 bitcoins and 3,041.6 ethers.However, its Chief Information Officer Richard Cathcart explained: "Mercado Libre does not own these assets; the company liquidated its cryptocurrency in 2023. This document reflects the fact that we provide users the ability to buy, hold, and sell. But currently, we do not have any ourselves."

ChainCatcher news, according to The Block, Circle announced on Tuesday that it is partnering with Latin American payment giant Mercado Pago to launch the USDC stablecoin for customers in Chile.Circle stated that the integration of USDC with the Mercado Pago platform will enable Chilean users to "take advantage of a trusted, secure, and transparent digital dollar asset for near-instant transactions."

ChainCatcher news, Paxos is collaborating with Latin American e-commerce giant Mercado Libre to launch a regulated Pax Dollar in Mexico. Paxos stated in a release on Wednesday that this dollar-backed stablecoin will be available to all customers in the country on the Mercado Pago payment platform.It is reported that Mercado Pago has nearly 40 million active users and is the leading online payment provider in Mexico. Paxos stated that this collaboration represents a continuation of its investment in Latin America. (Source link)

ChainCatcher news, according to CoinDesk, Brazil's largest crypto exchange Mercado Bitcoin has received a payment institution license from the Central Bank of Brazil this Friday, and is now authorized to operate as an electronic money issuer.Mercado Bitcoin CEO Roberto Dagnoni stated that the exchange plans to offer financial services that combine cryptocurrencies with traditional financial services, and aims to launch a crypto payment card in the coming months. (Source link)

Chaincatcher news, the Brazilian Securities and Exchange Commission (CVM) has requested information from the Brazilian cryptocurrency exchange Mercado Bitcoin regarding the fixed-income tokens it issued over the past two years, including the amount raised with the tokens and the list of participating investors. The CVM plans to publish an official crypto guide recommending that companies consult the commission before issuing any tokens that may be considered securities. (CoinDesk)