Peru records first documented import payment using stablecoins
Peru has completed its first documented international import payment using stablecoins, specifically USDT and USDC. The transaction was processed by the financial firm Linka, which utilized these assets as a technological infrastructure to transfer value to a foreign supplier. According to Linka's commercial director, Alberto Escarate, the use of digital assets did not replace standard commercial documentation, customs procedures, or tax obligations. CEO Víctor Egoavil stated that this method aims to reduce reliance on traditional correspondent banking, offering importers faster settlement and greater cost predictability. This development occurs as Peru experiences significant logistics expansion, including the new Chancay megaport.
Summaries are written by AI from the original article. Not investment advice.