Num Finance Launches Colombian Peso-Pegged Stablecoin on Polygon Network

08/24 21:01

Num Finance, a stablecoin issuer, has launched a new token called nCOP, which is pegged to the Colombian peso and over-collateralized by reserve assets. The token will allow people and businesses to transfer, pay, earn, and save money using blockchain rails. This move comes as stablecoins are increasingly in demand in emerging regions with frail financial systems, such as Latin America, where remittances and value storage are popular use cases.

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