Tether Launches MXN₮: New Stablecoin Pegged to Mexican Peso
Tether, the firm behind the most popular stablecoin linked to the US dollar, USDT, has debuted a new stablecoin pegged to the Mexican peso. This launch marks Tether's first foray into the Latin American market. Tether has launched a new stablecoin pegged 1:1 to the Mexican peso. Dubbed MXN₮, the stablecoin will initially be available on the Ethereum, Tron and Polygon blockchains. Tether launched a new stablecoin pegged to the Mexican Peso Thursday, marking the company’s first foray into Latin America while adding to a roster that already includes the world's leading stablecoin, USDT.
MXN₮: Tether's Expansion into Latin America
Tether has forayed into the Latin American market with the launch of their new stablecoin pegged to the Mexican Peso. The stablecoin, dubbed MXN₮, will initially be available on three main blockchains. This move aims to provide a stable and accessible digital asset for users in Mexico and beyond.
MXNT Details: Backed by the Mexican Peso
Tether has announced the launch of MXNT, a new type of stablecoin backed by Mexico’s national currency, the peso. This stablecoin adds to Tether's existing offerings and aims to provide a valuable tool for those seeking stability and efficiency in the crypto market. This new stablecoin powers the largest stablecoin by market capitalization of over US $73 billion and complements Tether tokens (“MXN₮”) pegged to the Mexican Peso.