Colombian peso-backed stablecoin debuts on Polygon with yield benefits
Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoin s issuer, has introduced its latest stablecoin , nCOP. This new digital asset, pegged to the Colombian peso, is now live on Polygon. The company claims nCOP will offer users an 8% yield . Num Finance aims to offer digital financial tools to the people of Latin America for their everyday financial needs. As an overcollateralized stablecoin, nCOP promises stability and heightened security to users, facilitating borderless transactions. The firm claims the new stablecoin will help more people access financial services in the area by offering them an easy way to send and receive remittances. Additionally, the company has integrated a yield feature into the new nCOP stablecoin, enabling users to earn rewards when they hold the asset. “Colombia presents a unique op...