The recognized exchange Buda.com made known through a press release issued by the same corporation to Cointelegraph that yesterday, August 24, a new currency will be added to its platform digital in its bidding pairs: the USDC stablecoin.
Buda.com is a recognized market that operates within technology blockchain with the purchase and sale of cryptocurrencies. This market has been venturing into the medium since 2015, more specifically in Peru, Colombia, Argentina and Chile where it has its central base.
The stablecoins or also known as stable coins are cryptocurrencies also that they fulfill the function of maintaining a stable price in the face of a fiat currency such as the euro, the dollar or even the oro and also its value is related to said fiat, this relationship being 1: 1. That is to say that at the moment in which the client chooses to use the digital asset, the amount it has is its power will be equal to the same amount, in this case, in dollars that will take the position of supporting the digital currency. For example, one USDC will be equal to one dollar.
In this case, the USDC is going to be intertwined only with the US dollar and registered users in Buda.com will be able tokenizar the dollar as well as giving and receiving the cryptocurrency between companies regardless of their geographical location. In addition, it can be used to invest, in remittances and in the withdrawal of money in your local currency. In short, the cryptocurrency will be able to combat the instability of the assets of its users at the moment in which the market witnesses notable movements.
On the other hand The newly integrated stablecoin is trading within the market with around USD 28 billion of capitalization gaining a daily reach of approximately USD 3 billion.
“After months of in-depth market analysis, we decided to implement the USDC stablecoin on our platform, a currency created by Circle and Coinbase, two regulated companies in the US, which meet all the conditions of auditability, liquidity and, above all, projection. . We are launching this digital currency today in all the countries where we operate: Chile, Colombia, Peru and Argentina ”, commented Guillermo Torrealba the CEO of Buda.com in the note provided to Cointelegraph.
Coming soon the CEO of Buda.com, Guillermo Torrealba; the Country Manager in Colombia, Alejandro Beltrán and the Country Manager in Peru, Carlos Bernos will hold a live show in which they will address the main advantages and the impact that this cryptocurrency will have on citizens in the regional environment.
This company has developed and been part of multiple projects over the years, one of them was the recent integration that the corporation had in the remittance market with “Buddha Remittances “ in which the technology Lighting Nerwork to streamline customer transactions. This was announced by Cointelegraph after receiving an exclusive note from Buda.com.
With this new section, people who are part of this new community will have the opportunity to send money without any geographical limit from a digital wallet and also the recipient of the money will be able to do it in Bitcoins (BTC) and then change it to your local currency.
On the other hand, it is also in charge of displaying and continuously updating the prices of cryptocurrencies on its web portal with respect to the local currency of the countries in which the company operates, just as it does when the user enters their account. to make some kind of exchange. The virtual currencies with which it currently works are: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and BitcoinCash (BCH).
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