Grupo Gilinski launches LuloX

Gilinski Group, a Colombian banking conglomerate, has officially launched Lulo X. Founded by Jaime Gilinski and his son Benjamin Gilinski, the business group has initiated the new project’s beta phase.

Lulo X’s goal is to provide users with the opportunity to invest and save in USD Coin (USDC), a stablecoin. This offering allows clients to diversify their investments. 

In Colombia, USDC has helped Colombians save and invest in dollar-denominated accounts amidst inflation and exchange rate fluctuations affecting the Colombian peso.

Natalia Jiménez, formerly the Chief Product Officer of Lulo Bank, has been appointed as CEO of Lulo X. Lulo Bank will begin trading operations involving USDC at the end of October.

Read more on Forbes

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