{"id":23112,"date":"2023-08-25T14:43:38","date_gmt":"2023-08-25T14:43:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/num-finance-launches-colombian-peso-pegged-stablecoin-ncop\/"},"modified":"2023-08-25T14:43:38","modified_gmt":"2023-08-25T14:43:38","slug":"num-finance-launches-colombian-peso-pegged-stablecoin-ncop","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/num-finance-launches-colombian-peso-pegged-stablecoin-ncop\/","title":{"rendered":"Num Finance launches Colombian Peso-pegged stablecoin nCOP"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692971174568-0d7a781e-9c72-4b3d-86dc-5a57f2feab40-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692971174568-0d7a781e-9c72-4b3d-86dc-5a57f2feab40-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692971174568-0d7a781e-9c72-4b3d-86dc-5a57f2feab40-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692971174568-0d7a781e-9c72-4b3d-86dc-5a57f2feab40-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Num Finance\u2019s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol.<\/li>\n<li dir=\"ltr\">Colombia is one of Latin America\u2019s top remittances markets with nearly $6.5 billion of inflows.<\/li>\n<\/ul>\n<p dir=\"ltr\">Num Finance, a stablecoin issuer focused on the Latin America market, has launched a new <a href=\"https:\/\/coinjournal.net\/news\/tag\/stablecoin\/\">stablecoin<\/a> pegged to the Colombian Peso.<\/p>\n<p dir=\"ltr\">The new stablecoin is dubbed nCOP and will be issued on the <a href=\"https:\/\/coinjournal.net\/news\/tag\/polygon\/\">Polygon<\/a> network, Num Finance\u2019s blockchain partner, and is designed to bring the benefits of borderless transactions to the Colombian remittances market.<\/p>\n<p dir=\"ltr\">\u201c<em>In Colombia, there exists a unique opportunity to \u201ctokenize\u201d remittances and offer them a yield in nCOP, based on regulated financial products. Currently, Colombia is one of the main recipients of remittances in Latin America, with nearly USD 6.5 billion flowing into the country. Num Finance aims to provide a new possibility for people to send and receive nCOP as remittances and get a yield on it<\/em>,\u201d Num Finance CEO Agust\u00edn Liserra said in a <a href=\"https:\/\/num.finance\/blog\/num-finance-launches-ncop\/\" rel=\"noopener noreferrer\" target=\"_blank\">blog release<\/a>.<\/p>\n<h2 dir=\"ltr\">Num Finance\u2019s footprint in Latin America<\/h2>\n<p dir=\"ltr\">nCOP will be an overcollateralized stablecoin pegged 1:1 to the Colombian Peso and will offer people in the region a robust, stable and secure channel to send and receive funds. The stablecoin will also enable companies to tap into real time settlements, bringing efficiency to cash management.<\/p>\n<p dir=\"ltr\">Num Finance will also offer a yield feature for nCOP, with token holders getting rewards from regulated financial products.<\/p>\n<p dir=\"ltr\">Other than the Colombian peso-pegged stablecoin, Num Finance also issued nARS and nPEN, which are pegged to the Argentine Peso and Peruvian Sol.\u00a0<\/p>\n<p dir=\"ltr\">The company launched in 2021 and <a href=\"https:\/\/num.finance\/blog\/num-finance-raises-1-5-million-usd-in-pre-seed-funding-round\/\" rel=\"noopener noreferrer\" target=\"_blank\">raised<\/a> $1.5 million in a pre-seed funding round closed in May. The capital financing was led by crypto project Reserve and attracted several investors including H20 Scouter Fund, Ripio Ventures, and Auth0 CTO Matias Woloski.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/num-finance-launches-stablecoin-pegged-to-colombian-peso-on-polygon\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Num Finance\u2019s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol. Colombia is one of Latin America\u2019s top remittances markets with nearly $6.5 billion of inflows. Num Finance, a stablecoin issuer focused on the Latin America [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23112"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23112"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23113"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}