Tether launches a new stablecoin dubbed MXNT that is pegged to the Mexican peso

Tether has launched a new stablecoin that will be pegged on the Mexican Peso as the stablecoin blockchain makes its debut in Latin America.
In said in a statement, Paolo Ardoino, the 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.”
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