July 4, 2022
Cryptocurrency News

Tether Seems to Have Found a New Home in Latin America With Mexican Peso-Pegged Stablecoin

One of the key features of cryptocurrency is the ease of cross-border payment. Tether seems to have taken this concept a step further in order to explore the multibillion-dollar remittance market in Latin America by creating a Mexican Peso-pegged stablecoin.

Tether announced on Thursday that it has added Mexico to its list of stablecoins, announcing it has launched its MXNT token that is pegged to Mexico’s peso.

This is actually a great move, as seen in an analysis done by Marianna Palacious, as regards the state of Bitcoin in Latin America. The analysis shows ...

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