Mexican Peso has seen multiple fluctuations against the
US dollar. The currency
appreciated and
depreciated due to various factors such as risk-aversion and the political and economic climate. It has recently hit its strongest position since 2015 and also hit a 7-1/2 year high against the dollar, with further gains being eyed. Various crypto exchanges and trading platforms are available in the region with the introduction of new
Mexican Peso banknotes and coins. Notably,
Tether launched a stablecoin for Mexican Peso, which is available on several platforms like Ethereum, Tron and Polygon. Amidst these developments, the
Ramp Network launched Crypto-to-Peso Transactions Via SPEI for Mexican users. In another encouraging development,
Coinbase has enabled Mexican users to easily cash out of Crypto sent to them. Analysts have highlighted the
liquidity of the Mexican Peso and touched upon its implications. Meanwhile, Mexico introduced a trio of 20-peso coins and continued to strengthen its streak against the US dollar. Despite these positive developments,
Peso's performance in the global market seems uncertain due to the ongoing turmoil.
MXN Coin News Analytics from Thu, 20 Oct 1983 07:00:00 GMT to Mon, 13 Jan 2025 08:00:00 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor 5
