Num Finance and TruBit have announced a partnership where Num’s “nARS” stablecoin, pegged to the Argentine Peso, will trade on the exchange.
Num states that the listing on TruBit is part of a broader strategy to offer a wider range of tools for its users. The company called TruBit a “true ally” in its endeavors.
Agustín Liserra, CEO of Num Finance, said said they are very excited about the partnership describing it as a step in “addressing the biggest monetary problems facing users across underserved regions.”
nARS was launched last year (2022) and reportedly has a total circulation of 2.5 million. The stablecoin is mainly used by Latin American individuals but provides access to loans and other financial options in the underserved market.
TruBit is expected to also offer a new option for earning staking yields on nARS for users;
Country Manager of TruBit Argentina Matias Reyes said there are strong synergies between the two firms and TruBit remains committed to security and providing a relaizble trading environment.
TruBit says it is committed to providing comprehensive crypto services across Latin America.
