Mercado Libre Drops Mercado Coin, Embraces Meli Dolar
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mercado Libre, a major e-commerce player in Latin America, is discontinuing its Mercado Coin loyalty token, requiring users to sell or spend their balances by April 17th or face conversion to Brazilian reals. The company is shifting to Meli Dolar, a US dollar stablecoin, for rewards. Despite recent struggles with in-house coins in the region, Mercado Libre remains committed to crypto, holding 75 million dollars in Meli Dolar and 570.4 Bitcoin, valued at 38.85 million dollars.
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