Crypto-currencies continue to grow, both in Central and South America. These are driven by national projects, as is the case in El Salvador, but also by private projects, such as Anclap.
Anclap continues to issue stablecoins
Anclap is a company that has specialized in issuing South American stablecoins since 2017. This one takes advantage of the speed and near-free nature of the Stellar network.
“Our goal is to create a global ecosystem that allows people to send foreign currency in a simple, fast and secure way, at a very low cost; eliminating the costs and slowness of banking transactions.”
Anclap’s official website
On September 24, the company announced the addition of PEN, a new stablecoin based on Peruvian soil. This is now available alongside the Argentine peso-based ARS. Thus, Peruvians now have a stablecoin, fully backed by fiat currency and usable across the Stellar ecosystem.
According to the official announcement, it is already available for purchase on various exchange platforms, against the Argentine peso, the Brazilian real, the US dollar or the euro. Of course, it is also possible to exchange it for other digital currencies supported by the Stellar network.
The release of this new stablecoin is just the beginning of a year that will prove to be extremely rich for Anclap. Indeed, the company still plans to release at least 2 other stablecoins, based on the Colombian and Chilean pesos.
The teams are also exploring the possibility of creating stablecoins for the Mexican peso and the Brazilian real.
2021: a blessed year for crypto in Latin America
Since the beginning of the year, the adoption of cryptocurrencies in Latin America has been growing steadily.
After making Bitcoin a legal tender, El Salvador continues to push forward with its government mining farm project, powered by geothermal energy from volcanoes in the territory. While there is some controversy among the public about making Bitcoin legal tender in El Salvador, other countries may be following suit.
In early September, rumors that Honduras might follow in El Salvador’s footsteps began to emerge all over the internet. Some Mexican officials also want to do the same, much to the chagrin of regulators.
North America, meanwhile, is not far behind. Indeed, according to a survey, 37% of Texans would be willing to see cryptocurrencies legalized in their state. Similar figures were recorded in Wisconsin.
