{"id":51269,"date":"2021-10-04T12:11:01","date_gmt":"2021-10-04T12:11:01","guid":{"rendered":"https:\/\/timestampmag.com\/?p=51269"},"modified":"2021-10-05T12:11:43","modified_gmt":"2021-10-05T12:11:43","slug":"the-long-awaited-peruvian-stablecoin-is-all-set-to-launch-for-colombia-and-chile","status":"publish","type":"post","link":"https:\/\/timestampmag.com\/2021\/10\/04\/the-long-awaited-peruvian-stablecoin-is-all-set-to-launch-for-colombia-and-chile\/","title":{"rendered":"The Long Awaited Peruvian Stablecoin is all Set to Launch for Colombia and Chile"},"content":{"rendered":"<ul>\n<li>The stablecoin will be pegged to Peru&#8217;s official fiat currency (Peruvian sol (PEN), this new stablecoin is expected to facilitate instant transactions across the Anclap network, it&#8217;s also operationally compatible with other fiat currencies as well as any other digital asset.<\/li>\n<li>There has been a lot of skepticism on the sustainability of this stablecoin and the firm had announced that the Peruvian &#8220;digital sol&#8221; stablecoin will be backed by 100% local fiat currencies &amp; it will be always available on the stellar network for any trader in need of it.<\/li>\n<li>With the firm announcement, digital sol has already been featured on different digital wallet &amp; exchanges for purchase and it can be seamlessly exchanged with other currencies like Brazilian real, Argentine peso, euro &amp; even the US dollar.<\/li>\n<\/ul>\n<p>Stablecoins are another kind of the <a href=\"https:\/\/timestampmag.com\/the-bitcoin-philosophy\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> success story; it&#8217;s a niche asset class for everyone and anyone. Experts have opined that the quiet revolutions taking place in the crypto-space has in part been facilitated by stablecoins. Stablecoins are like a bridging point between erstwhile traditional banking and crypto space. Because of stablecoins institutional investors traders can judiciously manage entry and exit into the <a href=\"https:\/\/timestampmag.com\/whats-the-crypto-in-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">crypto ecosystem<\/a> because it cuts cost &amp; provides a good hedge against inflation ravages.<\/p>\n<h2>The Peruvian stablecoin is only an extension of a regular crypto stablecoins<\/h2>\n<p>What started with just USDT has boomeranged into different <a href=\"https:\/\/timestampmag.com\/2020\/07\/08\/digital-dollar-project-and-stablecoins\/\" target=\"_blank\" rel=\"noopener\">other stablecoins<\/a>, at the moment stablecoin has a market share of over $130 billion &amp; may likely hit $200 billion by year ending. The stablecoin catalogue is getting bigger because it&#8217;s needs are obvious &amp; it&#8217;s efficiency is top-notch.<\/p>\n<p>Anclap; a Latin America stablecoin issuer is currently expanding it&#8217;s stellar-based stablecoin network by launching a new stablecoin in Peru, this latest development is coming on the hills of heightened demand by the Peruvian populace for a Peruvian knitted stablecoin that will be pegged to the Peruvian official currency called Peruvian sol (PEN).<\/p>\n<p>Ivan Mudryj; Anclap co-founder said that &#8220;the digital sol opens up the Peruvian market for easy transactions between local people, exchanges and with people in other climes. All this will happen in a matter of minutes at very minimal cost&#8221;.<\/p>\n<p>The digital sol is the latest stellar based stablecoin after Anclap launched the Argentine stablecoin in January 2020, with these developments the Argentine peso &amp; the Peruvian sol are now connected to the <a href=\"https:\/\/www.stellar.org\/?locale=en\" target=\"_blank\" rel=\"noopener\">stellar network<\/a>.<\/p>\n<h2>Chile and Colombia are among the first to take the lead.<\/h2>\n<p>The Latin America company is expected to launch stablecoins for Colombia &amp; Chile between now &amp; November 2021 respectively, the Anclap website also shows that Mexican stablecoin &amp; Brazilian stablecoin are currently being developed.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-51271 alignleft\" src=\"https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/10\/transfer.png\" alt=\"\" width=\"931\" height=\"462\" srcset=\"https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/10\/transfer.png 931w, https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/10\/transfer-300x149.png 300w, https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/10\/transfer-768x381.png 768w\" sizes=\"(max-width: 931px) 100vw, 931px\" \/><\/p>\n<p>Anclap seemed to be poised towards using it&#8217;s Stella based digital network system to curb the age-long menace of slow &amp; costly banking transactions and they&#8217;ve been on this since 2017 without lifting their legs from the pedal.<\/p>\n<p>Anclap ideals are futuristic in nature, because the digital sol comes with a massive growth to the stablecoins market of almost $130 billion, a bewildering market surge has drawn the attention of global regulators forcing them to create regulatory frameworks for stablecoins across the world.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stablecoin will be pegged to Peru&#8217;s official fiat currency (Peruvian sol (PEN), this new stablecoin is expected to facilitate instant transactions across the Anclap network, it&#8217;s also operationally compatible with other fiat currencies as well as any other digital asset. There has been a lot of skepticism on the sustainability of this stablecoin and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":51270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[30,738,737,370,735,736,376,739],"_links":{"self":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51269"}],"collection":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/comments?post=51269"}],"version-history":[{"count":1,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51269\/revisions"}],"predecessor-version":[{"id":51272,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51269\/revisions\/51272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media\/51270"}],"wp:attachment":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media?parent=51269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/categories?post=51269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/tags?post=51269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}