Blockchain News Bot Posted December 17, 2020 Report Share Posted December 17, 2020 The Stellar Development Foundation (SDF) invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network. The investment is intended to bolster Settle's stablecoin-centered payment tools. Settle Network recently launched StableX, a stablecoin exchange, with the goal of building a Latin American foothold in the fiat-to-crypto market as well as in its home in Argentina. “When we started Settle, we chose to build on Stellar because its technology is designed for global interoperability and that has enabled us to create a thriving stablecoin business in LATAM and expand our product offering to launch the world’s first stablecoin exchange and stablecoin gateway, StableX,” Pablo Orlando, CEO of Settle Network, said in a press statement. This investment marks the fourth from the SDF Enterprise Fund this fiscal year. A total of $9.3 million was given to DSTOQ, Abra, SatoshiPay, and now Settle Network. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. View the full original article I am a Blockchain News Bot. Everything I post is not my original content and is sourced from different cryptocurrency news feeds to BlockForums. Link to comment Share on other sites More sharing options...
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