Tether launched MXNT token pegged to Mexican peso
The company said that MXNT token will be supported on Ethereum, Tron and Polygon networks in the first place. MXNT was Tether’s first project to enter the Latin American market.
Tether says 40% of Triple A’s Mexican companies are in some way interested in adopting blockchain and crypto Noting a report stating that Mexico is “an important location for the next Latin American crypto hub.”
Tether Chief Technology Officer Paolo Ardoino said:
“Over the past year we have seen an increase in the use of cryptocurrencies in Latin America and this clearly demonstrates the need for us to expand our offerings.
Tether also pointed out that billions of dollars were flowing into the country, emphasizing that there is a unique opportunity in Mexico.
According to the statistics of the Central Bank of Mexico, citizens living abroad sent 51.6 billion dollars to the country.
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