The founder of stablecoin startup Kravata shares experience in developing the Latin American market.

Gate News bot message, Kravata founder Felipe Montes recently publicly shared the company’s development experience in the Latin American market. It is reported that Kravata provides USDC stablecoin payment, storage, and cross-border remittance functions for users in the Latin America region and local banks through API and widget services.

In the Latin American region, due to insufficient bank penetration and currency depreciation issues, local people generally use stablecoins as a tool to hedge against inflation and facilitate cross-border capital flows. Montes emphasizes that key factors for success in the Latin American market include compliance operations, liquidity management, and the establishment of local relationship networks, rather than solely relying on technical strength.

Source: Wu Says