News Formal

Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.

"Currently, Colombia is one of the main recipients of remittances in Latin America, with nearly USD 10 billion flowing into the country," Agustín Liserra, CEO of Num Finance, said in a statement."Num Finance aims to provide a new possibility for people to send and receive nCOP as remittances and receive a yield on it."

Num Finance already issues Argentine peso and Peruvian sol stablecoins, and previously laid out plans to

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark ProtocolThe recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Source: CoinDesk - 🏆 291. / 63 Read more »