Tether launches new stablecoin pegged to Mexican peso

From theblockcrypto.com

Tether has launched a new Mexican peso-pegged stablecoin, marking its entrance into Latin America. Dubbed MXNT, the stablecoin will initially be available on the Ethereum, Tron and Polygon blockchains, Tether said today. This is Tether's fourth fiat-pegged stablecoin, after US dollar-pegged USDT, Euro-pegged EURT and the offshore Chinese Yuan-pegged CNHT. "We have seen a rise in cryptocurrency usage in Latin America over the last year that has made it apparent that we need to expand our offerings," Paolo Ardoino, CTO of Tether, said in a statement. "Introducing a Peso-pegged stablecoin will provide a store of value ... (full story)