Littio has announced the launch of euro-denominated accounts utilizing blockchain technology and stablecoin infrastructure, offering high yields and accessible financial services for users in Latin America.
Littio: New Opportunities for Latin America
On February 25, 2025, the startup Littio announced the launch of euro IBAN accounts, offering up to 6% annual yield. This product allows users to open euro accounts, send and receive international payments without a minimum balance requirement. Littio’s euro accounts, powered by Avalanche blockchain, aim to address currency devaluation and the lack of stable currency financial products in Latin America.
How Littio's Euro Accounts Work
Littio's euro accounts utilize Circle's EURC stablecoin, which is backed by real euros, enabling faster and lower-cost transactions. Returns are generated through OpenTrade's platform, investing in real-world asset-backed products like U.S. Treasury Bills and supply chain finance. The platform has processed over $80 million in transactions in recent months.
The Need for Stablecoins in Latin America
Latin America faces high inflation and limited access to international financial products. According to Chainalysis, the region accounts for 9.1% of global crypto transaction volume. Littio addresses these issues by offering transparent, instant account creation with no minimum balance requirements. This solution provides substantial benefits for freelancers, migrants, and students working and studying abroad.
Littio offers solutions using blockchain technologies on the Avalanche platform, providing access to financial services that were previously unavailable to many users in Latin America.
