Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-05-26 20:24:36

Stablecoin issuer Tether rolls out new tokens pegged to Mexican peso

Tether (USDT-USD) on Thursday has launched a new stablecoin pegged to the Mexican peso, marking the the stablecoin issuer's entry into Latin America, according to a release Thursday. So-called MXN₮ tokens will initially be supported in the ethereum (ETH-USD), tron (TRX-USD) and ploygon (MATIC-USD) blockchains, Tether noted. Some "40% 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," Tether said, citing data from crypto payments firm Triple A. Furthermore, "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,” said Tether Chief Technology Officer Paolo Ardoino. “Introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico." Tether (USDT-USD) is the world's largest stablecoin by market cap with a

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.