Payments

Mercado Bitcoin adds USDC to Stellar network

June 10, 2022

Mercado Bitcoin, a digital assets platform in Latin America, has integrated the USDC stablecoin on the Stellar network. With this integration, users can perform transactions with USDC with only a fraction of one cent fee per transaction, according to a press release.

"USDC on Stellar provides Mercado Bitcoin customers both valuable interoperability and a truly borderless digital dollar," Denelle Dixon, CEO of Stellar Development Foundation, said in the release. "As we continue our mission of creating equitable access to the global financial system, this integration is a mutually beneficial step forward. MB is one of the largest digital assets exchanges in the southern hemisphere, with the potential to bring significant volume and liquidity to the Stellar network."

The Stellar network also plans to launch native smart contracts on the platform by the end of 2022.