Mercado Libre is winding down the Mercado Coin cryptocurrency project, which was used as part of its loyalty program, as it shifts focus to developing its own dollar-pegged stablecoin, Meli Dolar. Mercado Pago, the financial arm of Latin America’s largest e-commerce platform Mercado Libre, is discontinuing support for Mercado Coin, launched in 2022, Reuters reports. The company is shutting down the project as part of a broader review of its crypto strategy, focusing instead on the development of the Meli Dólar (MUSD) stablecoin, which is...
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