Latin American Firm Ripio Introduces USD-Pegged Stablecoin UXD

Anil333

BlockBeats news, on August 3, Latin American cryptocurrency service provider Ripio announced the launch of the USD-pegged stablecoin UXD. The company stated on Thursday that in Argentina, where the annual inflation rate has reached 115%, Ripio users can now purchase UXD stablecoins, also known as Criptodólar. This stablecoin is also available in Brazil and is hosted on LaChain. LaChain is a Layer 1 blockchain focused on Latin America that Ripio launched in collaboration with SenseiNode, Num Finance, Cedalio, Buenbit, and others in June. The company also plans to integrate UXD into its Ripio Card.

Ritu13

Stablecoins are also worth exploring.

Yamini003

The stablecoin they've introduced may not necessarily be well-received by the market.

977Iti

As long as there is stability, it should be fine.