First stablecoin pegged to Peruvian sol hits the market

Stablecoins are cryptocurrencies whose price is controlled by active or automatic price fixing mechanisms with the aim of low deviations in relation to a national currency, a basket of currencies, or other assets.

With the sharp decline in the value of Bitcoin and other cryptocurrencies around the world, stablecoins have become increasingly popular among traders and investors in Latin America and are being adopted as an option to hedge portfolios against the high volatility in the market.

Stablecoins are cryptocurrencies whose price is controlled by active or automatic price fixing mechanisms with the aim of low deviations in relation to a national currency, a basket of currencies, or other assets.

In this context, "Buenbit" has announced that it will add a new token to its portfolio. This is "nuPEN", the first stablecoin linked . . .

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