El Dorado, a Colombia-based stablecoin protocol, has raised $3 million in a seed venture capital investment round to develop a crypto payments "superapp" for Latin America. Multicoin Capital led the investment, with participation from Coinbase Ventures, UC Berkeley Skydeck, and Awesome People Ventures. El Dorado aims to provide a cheaper way to send, exchange, and pay using blockchain as payment rail, with a 0.6% fee for cross-border payments and free in-app payments. The app supports Tether's USDT, Circle's USDC, and Celo Dollar stablecoins, as well as bitcoin transactions.
El Dorado Raises $3M to Build Crypto Payments Superapp for Latin America
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
69,776.27
+1.59%
Replies 0
