{"id":8901,"date":"2025-01-21T16:21:06","date_gmt":"2025-01-21T16:21:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8901"},"modified":"2025-01-21T16:21:06","modified_gmt":"2025-01-21T16:21:06","slug":"stablecoin-powered-superapp-el-dorado-crosses-500000-users","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8901","title":{"rendered":"Stablecoin-Powered SuperApp El Dorado Crosses 500,000 Users"},"content":{"rendered":"
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[PRESS RELEASE \u2013 Buenos Aires, Argentina, January 21st, 2025]<\/strong><\/p>\n

El Dorado<\/a>, Latin America\u2019s leading SuperApp for stablecoin payments, celebrates significant milestones that validate its mission of bridging the interoperability gap between stablecoins and LATAM\u2019s top finance apps. With its peer to peer USDT marketplace,\u00a0El Dorado is fostering access to digital dollars and seamless cross-border payments in the region.<\/p>\n

Venezuela\u2019s Most-Downloaded Crypto App<\/strong><\/p>\n

In 2024, El Dorado P2P was the most-downloaded cryptocurrency app in Venezuela, as people embraced Tether as the digital dollar, an everyday means of payments, and a hedge against the country\u2019s currency devaluation. The platform also ranked among the Top 5 finance apps<\/strong><\/a> across the country, with over 28,000 reviews on Google\u2019s Play Store, underscoring its growing reputation and adoption.<\/p>\n

A Stablecoin-Powered SuperApp for Latin America<\/strong><\/p>\n

El Dorado\u2019s SuperApp connects stablecoins like Tether (USDT)<\/strong> and MountainUSD (USDM)<\/strong> to the region\u2019s top 70 finance apps. By bridging the interoperability gap between digital dollars and Latin America\u2019s traditional financial system, the company has become the region\u2019s leading peer-to-peer stablecoin marketplace, having powered over three million transactions in digital dollars; Tether.<\/p>\n

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Guillermo Goncalvez, Co-founder and CEO of El Dorado, highlighted the company\u2019s growth and impact: \u201cIn just two years, we\u2019ve gone from $0 to $2.7 million in Annual Recurring Revenue (ARR), showcasing the power of our marketplace\u2019s network effects, and the trust we\u2019ve earned from users. By solving the interoperability gap, we\u2019re creating freer currency markets and enabling cross-border transactions that were previously costly or inaccessible.\u201d<\/p>\n<\/blockquote>\n

Record-Breaking Growth<\/strong><\/p>\n

With over 500,000 downloads<\/strong><\/a> on Google\u2019s Play Store and the App Store combined, and more than 500,000 users<\/strong>, El Dorado has demonstrated its ability to meet the needs of Latin America\u2019s dynamic financial landscape.<\/p>\n

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Alessandro Cecere, Co-founder and CMO of El Dorado, reflected on the platform\u2019s rapid expansion: \u201cThe explosive growth we\u2019ve seen over the last two years\u2014including a 12x increase in ARR in 2024, and over 600,000 downloads\u2014is a testament of our unique multi-channel acquisition strategy, and an excellent product that allows us to onboard new users to stablecoins across Latin America.\u201d<\/p>\n<\/blockquote>\n

The platform\u2019s integration of stablecoins with local financial networks has addressed critical challenges like currency instability and high remittance costs. By providing a seamless way to convert local currencies into digital dollars, El Dorado empowers users to participate in freer, more efficient cross-border payments.<\/p>\n

Piloting Gasless USDT Transactions With Tron DAO<\/strong><\/p>\n

In collaboration with Tron DAO<\/a>, El Dorado successfully piloted one of the first gasless transactions using USDT. This campaign eliminated network fees for users, making digital dollars more accessible and affordable for cross-border payments. The gasless model marks a significant step forward in reducing barriers to entry for users across Latin America, ensuring seamless financial interactions without the hidden costs typically associated with blockchain technology.<\/p>\n

Introducing USDM Self-Custodial Wallets<\/strong><\/p>\n

El Dorado has partnered with Mountain Protocol and Safe to enable a USDM self-custodial wallet. This wallet allows Latin American users to securely store their digital assets while providing access to U.S. Treasuries. By bridging the gap between traditional finance and blockchain, this collaboration offers users the opportunity to participate in stable and high-quality financial instruments previously unavailable to many in the region.<\/p>\n

Partnering with Arbitrum Foundation for Faster Transactions<\/strong><\/p>\n

Through a strategic partnership with the Arbitrum Foundation, El Dorado is enabling cheaper and faster ways to move digital dollars, such as Tether (USDT), for over 600,000 Latin Americans. The collaboration leverages Arbitrum\u2019s efficient and scalable blockchain infrastructure to reduce transaction costs and improve speed, empowering users to send and receive digital payments without friction.<\/p>\n

Looking Ahead<\/strong><\/p>\n

As El Dorado builds on its success, the company is dedicated to furthering its mission of interoperability and financial inclusion. Upcoming initiatives include expanding partnerships with local financial institutions, launching educational programs on stablecoin adoption, and introducing new features for cross-border and B2B payments powered by Tether. These efforts aim to empower underserved communities and foster a more resilient financial ecosystem in Latin America.<\/p>\n

About El Dorado<\/strong><\/p>\n

El Dorado<\/a> is Latin Americans\u2019s leading Stablecoin-Powered SuperApp that enables users to buy, sell, and use stablecoins like USDT and USDM across Argentina, Bolivia, Brazil, Colombia, Panama, Peru, and Venezuela. With a focus on interoperability, simplicity, and financial inclusion, El Dorado is transforming how people in the region transact and manage their finances.<\/p>\n

For more information, users can visit El Dorado<\/strong><\/a> or contact the team at marketing@eldorado.io<\/strong><\/p>\n

The post Stablecoin-Powered SuperApp El Dorado Crosses 500,000 Users<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Buenos Aires, Argentina, January 21st, 2025] El Dorado, Latin America\u2019s leading SuperApp for stablecoin payments, celebrates significant milestones that validate its mission of bridging the interoperability gap between stablecoins and LATAM\u2019s top finance apps. With its peer to peer USDT marketplace,\u00a0El Dorado is fostering access to digital dollars and seamless cross-border payments […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8901","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8901"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8901\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}