According to CoinDesk: Stablecoin issuer Num Finance has introduced a Colombian peso-pegged token, nCOP, on the Polygon network. The token is over-collateralized by reserve assets and enables individuals and businesses to transfer, pay, earn, and save money using blockchain technology. The launch comes as stablecoins, a digital asset class worth approximately $124 billion, are increasingly sought after in emerging regions with weak financial systems, such as Latin America and Turkey. Cryptocurrencies like these are also used for remittances and value storage, as reported by crypto research firm Chainalysis. Agustín Liserra, CEO of Num Finance, highlighted that Colombia is a major recipient of remittances in Latin America, with nearly $10 billion flowing into the country. Num Finance aims to offer a new option for people to send and receive nCOP as remittances and earn a yield on it. The company already issues Argentine peso and Peruvian sol stablecoins and has plans to launch new offerings pegged to local currencies in Brazil, Mexico, and Bahrain.