Mexican Peso, historically a strong currency, has announced the launch of a new
stablecoin to streamline cross-border payments in Latin America. The new digital coin is expected to benefit from the
liquidity of the Peso. As a significant event in the world of cryptocurrencies, Bitso has disclosed plans to launch this pegged stablecoin on Arbitrum. The initiative comes during a time when the Peso has gained strength against the
USD, even toggling back and forth from the 20-per-dollar barrier. In other economic developments, the Peso hit its strongest position against the dollar since 2015, thanks to the weakening US dollar, and could go even higher. A significant contribution to this trend is the fact that Mexico's president backs the
USD as the global 'principal currency', attributing to the increase in the country's
cryptocurrency trends. There are further predictions on the
MXN (Mexican Peso) being stronger in 2025, with recovery expected to be boosted by wide interest-rate differentials. Presently,
Circle integrates
USDC with the national payment systems of Brazil and Mexico, while US tariffs ensue their impact on the Peso. Concurrently, the financial market witnesses the Peso taking a hit due to the unstable
US election risk. Finally, Binance has expanded its offerings with new trading pairs in Mexican Peso and USDC, contributing to a lively crypto scene in Mexico.
MXN Coin News Analytics from Mon, 22 Oct 2012 09:31:11 GMT to Mon, 19 May 2025 12:56:40 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 7
