Local stablecoins are booming in LATAM 📈 and here's why: ▪️ They integrate easily with tools like Pix, Brazil's instant and free national payment tool. This makes onramping much easier. ▪️ They enable users to hold their local currency on a blockchain and earn "bank-level" interest without needing a traditional bank. ▪️ They act as new "digital cash" that flows easily and at low cost, but without dependency on the dollar. And - as of today - more than 80% of this volume is on @gnosischain 💪
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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