Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
Tether on Thursday launched its MXNT token pegged to the Mexico’s peso, adding to its roster of stablecoins. The token will initially be supported in the Ethereum, Tron and Polyong blockchains.
A press release revealed that Tether Limited, the Hong Kong-based firm that created the largest stablecoin by market cap, has started issuing the MXNT, pegged 1:1 to the Mexican Peso.
Referring to data from crypto payments company TripleA, Tether stated that the the new token was inevitable with the obvious demand out there:
“Forty percent of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form making Mexico a prime location for the next Latin American crypto hub.
The multibillion-dollar flow of remittances into Mexico and the difficulties involved with money transfers, have created a unique opportunity for stablecoin usage and adoption. The creation of MXNT puts Mexican Peso on the blockchains and provides a faster, less costly option for asset transfers.”
Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
The MXNT will find itself lined up next to Tether Limited’s fiat-pegged currencies including dollar-pegged Tether itself, Euro-pegged Euro Tether (EURT) and the Chinese Yuan-pegged CNHT.
Paolo Ardoino, CTO of Tether, said:
“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.
Introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico. MXNT can minimize volatility for those looking to convert their assets and investments from fiat to digital currencies.
175% Extra + $75 Risk Free Bet!
New players only. 175% on 1st Deposit + $75 Risk Free BetTether customers in this entirely new market will be able to benefit from the same transparent customer experience.”