Anclap, the Latin American stablecoin issuer is launching a new stablecoin in Peru.
Pegged to Peru’s official fiat currency, the Peruvian sol (PEN), the new stablecoin is designed to enable instant transactions across Anclap’s network, including conversions to other fiat currencies as well as “any other digital asset,” the firm announced on Saturday.

This new stablecoin will be pegged to Peruvian sol, Peru's Fiat currency and is created to enable instant transactions across Anclap's network. This also includes conversion to other currencies and it will be available on the Stellar network to be integrated into any platform.
The digital sol is already available for purchase from several digital wallets as well as exchange against foreign currencies such as the Argentine peso, the Brazilian real, the United States dollar and the euro.

The company expects to launch more stablecoins for the Colombian peso and the Chilean peso in October and November 2021, respectively.