"Littio Expands: Euro Accounts & Savings for Latin Americans Amid Inflation Fears"

Colombian fintech Littio is expanding its offerings to protect Latin Americans' savings amid inflation concerns. The company is launching a new EURO account and savings option, using Circle’s EURC and OpenTrade’s real-world asset (RWA)-backed stablecoin yield platform via the Avalanche network. This new offering allows Littio users in Latin America and Europe to instantly create a EURO IBAN account and earn stable yield on their holdings, with no minimums.

Littio's mobile banking app has already helped tens of thousands of users overcome a prevalent barrier within the LatAm banking sector–the lack of access to dollar-based savings accounts. Through their USDC yield product powered by OpenTrade, Littio has been able to provide users with a true end-to-end USD banking and savings outlet, offering a simple, fast, low-cost means of converting pesos into dollars (via USDC), which they can save, transfer, and spend in-app or with a Littio international card.

Off the back of the success of Littio’s USDC yield product, and to fill the current gap in EUR-denominated account offerings, Littio is bringing the same experience and benefits to this new IBAN account and savings product. By unlocking access to EURO accounts and savings for users across Latin America and Europe, three distinctly new use cases for three distinctly new customer personas are unlocked:

• Freelancers living in Latin America can now seamlessly accept payments from European clients in their personal European bank account.
• Latin American migrants living and working in Europe can now send hard-earned money to their families.
• Latin American companies operating in Europe have a new cost-effective option to repatriate European profits.
• Latin Americans studying in Europe can now save and spend in euros.

Littio's 6% yield is unmatched for both EURC and EUR bank accounts, incentivizing adoption and unlocking savings options for people who didn’t have them before. This is a perfect example of how stablecoin infrastructure is coming together to deliver products for the underbanked, who are not people without bank accounts but rather those with needs for financial services that are not addressed by traditional banks.

“Littio’s new EURO IBAN account and savings offering exemplifies how Avalanche’s technology can power innovative financial solutions that are otherwise inaccessible via traditional banking rails