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Tether Enters Latin America With Mexican Peso-Pegged Stablecoin | CoinDeskwww.coindesk.com/business/2022/05/26/tether-enters-latin-america-with-mexican-peso-pegged-stablecoin/
19 sats \ 5 comments \ @cryptocoin 26 May 2022 bitcoin
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20 sats \ 2 replies \ @iguano 27 May 2022
I don't see the point to be honest.
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0 sats \ 1 reply \ @cryptocoin OP 27 May 2022
Then you probably don't live in a country where your national currency fluctuates against the dollar.
Am I right?
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20 sats \ 0 replies \ @iguano 27 May 2022
lol, that is exactly the reason why I don't see the point.
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20 sats \ 0 replies \ @timechain 26 May 2022
I wonder if anyone prefers trading forex that way
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0 sats \ 0 replies \ @cryptocoin OP 26 May 2022
In 2021 Mexico was the third-largest recipient of remittances worldwide after China and India, with nationals living abroad having sent $51.6 billion to the country, according to the Mexican central bank.
The token will initially be supported in the Ethereum, Tron and Polyong blockchains, the company said. MXNT is Tether’s first foray into Latin America and joins the company’s other pegged coins — USDT (U.S. dollar), EURT (euro) and CNHT (China’s yuan).
The company bills this effort as a “testing ground” in Latin America that it expects will “pave the way” for more fiat-pegged tokens in the region.
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