Mexican Peso and its struggles in the financial market are observed alongside evolving cryptocurrencies. Pressure persists on the Mexican Peso, with events such as a potential super-majority in Congress or high US inflation affecting its valuation. Meanwhile, significant changes in the crypto landscape are occurring.
Tether added stablecoin to the Mexican Peso, potentially an attractive option for investors looking for stability, and prominent exchanges like
Binance and
Coinbase are making significant moves in the Mexican market. The recent introduction of
Mexican Denarius (MXD), presents a big leap for Mexico's digital financial landscape. Coupled with this,
Mexico's focus on cryptocurrency regulations suggests it's gearing up for a robust crypto market. USD/MXN predictions remain uncertain awaiting the Fed while
Paxos partners with Mercado Pago, providing access to Pax Dollar for Mexican customers. Furthermore,
Bitso noted a massive $1B processed in crypto remittances between Mexico and the US. In response to growing interest, Tether launched its stablecoin pegged to Mexican Peso, replacing the vulnerable Fiat currency. Meanwhile,
Mexico's central bank continues to issue new coins and banknotes, not giving up on the traditional financial landscape entirely.
MXN Coin News Analytics from Thu, 20 Oct 1983 07:00:00 GMT to Thu, 12 Sep 2024 07:00:00 GMT -
Rating 1
- Innovation 7
- Information 8
- Rumor -3
