Anclap launched the first Peruvian sol stablecoin on Stellar, 100% backed by local currency. The digital asset is exchangeable for multiple Latin American currencies and wallets, advancing Anclap's goal to build a cross-border payment network reducing remittance costs.
Anclap, a Latin American digital token issuer, has launched the first stablecoin pegged to Peru's sol on the Stellar blockchain, fully backed by local currency reserves. The digital sol is available through wallets like Solar and can be exchanged for the Argentine peso, Brazilian real, U.S. dollar, and other currencies. This launch follows Anclap's earlier issuance of a digital Argentine peso in early 2020. The initiative is part of Anclap's broader strategy to establish a digital payment network on Stellar connecting Latin American countries, aiming to reduce cross-border remittance costs and settlement times.
