Anclap has created a stablecoin pegged to the Peruvian currency on the Stellar blockchain. The local population will be able to make payments through it in any cryptocurrency and fiat money.
Anclap aims to create an ecosystem for financial transactions in Latin America based on stablecoins pegged to local currencies. Now it’s the turn of the Peruvian Salt (PEN). Digital Salt is 100% backed by local currency. It can be converted into fiat currencies or cryptoassets and integrated into any digital platform.
Company
announcedthat digital salt is already available for purchase on Solar’s digital wallet. It can be exchanged for foreign currencies such as Argentine peso, Brazilian real, US dollar and Euro.
Anclap launched digital salt following the development of a stablecoin pegged to the Argentine peso in January 2020. The company’s next goal is to launch stablecoins pegged to the Colombian and Chilean pesos in October and November 2021, respectively. Stablecoins pegged to Mexican pesos and Brazilian real are still
are under development.
The company has been building its Stellar-based payment network since 2017 to move away from expensive and slow banking transactions.
“This is not just a new stablecoin for the state, but also millions of citizens who have gained access to financial opportunities to build their future,” the company said on Twitter.
The launch of digital salt is taking place against the backdrop of massive growth in the stablecoin market, the capitalization of which has grown significantly lately.
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