Paxos, a crypto services platform, announced today that MercadoPago, the financial services arm of LATAM market portal MercadoLibre, will offer its Brazilian customers the opportunity to buy, sell and hold Bitcoin, Ethereum, and the Paxos-issued US dollar-backed stablecoin USDP.
This is Paxos’ second LATAM integration this week, as Uruguay-based app Prex also integrated Paxos. Importantly, this news from Paxos, MercadoLibre, and MercadoPago represents one of the single largest accessways to stablecoins within a non-crypto wallet to date.
“Any Brazilian user looking to hold US dollars can now do so seamlessly within MercadoPago by getting USDP. MercadoPago and Paxos have created the easiest way for Brazilians to get and hold USD with the native Brazilian real.”
– The Paxos Team