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Stellar Network Launches Chilean Peso Stablecoin

Published 08/12/2021, 08:14 AM
Updated 08/12/2021, 08:30 AM
Stellar Network Launches Chilean Peso Stablecoin
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  • Chilean Peso-pegged stablecoin CLPX launched on Stellar.
  • CLPX Inc has launched the first-ever Chilean Peso-pegged stablecoin.
  • The stablecoin is dubbed the “CLPX” token.

Recently, Chilean Peso-pegged stablecoin CLPX launched on Stellar, hoping to gain traction in the remittance and copper markets.

Stablecoins pegged to the Chilean Peso are now available on the open-source Stellar payments network. However, users have yet to show interest in them. With that said, the Chilean company CLPX Inc has launched the first-ever Chilean Peso-pegged stablecoin dubbed the “CLPX” token.

Since the launch on Monday, Stellar Expert shows that it has seen a limited amount of volume. Based on their public ledger, it has a $12,689 volume from a total of 12,902 trades.

Of note, CLPX was designed to provide a cheaper alternative to traditional Peso-based remittances, with the firm utilizing the

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