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Episode #117: Inside El Dorado - Latam's Stablecoin SuperApp
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Olá pessoal!
For today’s episode I talk to Guillermo Goncalves and Alessandro Cecere, CEO and CMO of El Dorado, to explore crypto adoption in Venezuela and their stablecoin-powered super app.
El Dorado is a peer-to-peer marketplace for stablecoins focusing on remittances and cross-border payments in the Latin American market.
Since launching in 2021, more than 250,000 users from Argentina, Brazil, Colombia, Panama, Peru and Venezuela have executed 2.3 million USDT transactions on Tron using El Dorado. Further, the platform now has integrations with 70 payments apps across the region
The team raised US$3 million in a seed round from Multicoin Capital, Coinbase Ventures and others earlier this year .
To understand why a solution like El Dorado is necessary, Goncalves and Cecere explain what it was like living in Venezuela during the economic crisis of the 2010s. They share their firsthand experiences navigating this turbulent financial landscape and how they were basically forced to explore alternatives like bitcoin during those years.
From early at-home bitcoin mining ventures to arbitrage opportunities on peer-to-peer marketplaces, their journey provides valuable insights into how cryptocurrencies have become a lifeline for many Venezuelans.
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We then dive deep into El Dorado, which is designed to facilitate remittances and cross-border payments for the Venezuelan diaspora and other Latin American users. The platform's success lies in its ability to leverage stablecoin liquidity to bridge the ga
Published on 1Â year, 3Â months ago