Blockchain fintech company Paxos has announced partnering with online marketplace Mercado Libre to bring the Pax Dollar (USDP) stablecoin to users in Mexico. Transactions will be facilitated by MercadoPago, which happens to be a digital wallet app by Mercado Libre. The latest move is part of Paxos’ vision to position itself as an “established leader” in digital assets throughout the region. According to the official press release, Paxos said that the adoption of USDP by MercadoPago in Mexico further builds on the established partnership between the fintech firms, as Mexican users will now be able to access the regulated stablecoin via Mercado Pago.
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