Peso-pegged tokens

Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum, Tron and Polygon networks.  In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token will have the MXNT ticker and will join Tether’s roster of fiat-pegged stablecoins that includes dollar-pegged USDT, Euro-pegged EURT and Chinese Yuan-pegged CNHT. Citing data that reports blockchain and crypto demand among Mexican companies, the stablecoin issuer believes that there’s a unique opportunity to provide a cheaper option for asset transfer within the region. According to Tether’s chief technology officer, Paolo Ardoino said that the rise in crypto usage in the Latin America region pushed their decision to...