Paxos and MercadoLibre partner up to bring USDP to Mexico By Cointelegraph

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© Reuters

Blockchain fintech company Paxos and online marketplace MercadoLibre (NASDAQ:) have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.

According to a press release shared with Cointelegraph, USDP will be available to all MercadoPago customers throughout Mexico. While the company is based in the United States — with offices in New York, London and Singapore — more than 60% of its active wallets support customers throughout Latin America.