Mexico's Peso has been quite
liquid recently, a quality that has been attributed to various reasons. With the
launch of Peso-based stablecoin aimed at streamlining cross-border payments, and the implementation of the Mexican peso-pegged stablecoin on Arbitrum by Bitso, Mexico has become a hotspot for crypto activity. The Peso showed brief fluctuations above 20 against the dollar due to the US election implications. Meanwhile, the dollar's strength has pressured the peso downward, despite Bitcoin's rise and gold's stability. Major stock losses experienced as a result of US tariffs on Mexico and Canada were later recouped. Notably, some of Mexico's elegant $20 peso coins are starting to replace notes, a development that might positively influence its overall value. There has been considerable
swings in the value of the Mexican peso versus the dollar, with it having reached a high against the US dollar last seen in 2015, though forecasters and experts have conflicting views on its future trajectory. This comes amid growing concerns over fake pesos in circulation, and yet the strength of the peso has thwarted investors from betting against it.
Mexican coins are also gaining value, with some potentially worth up to $528,000. In light of these developments, platforms that exchange
crypto for Mexican Pesos are increasing in Mexico.
MXN Coin, a crypto linked with the Peso is emerging as a significant player. The
USD/MXN relationship is taking shape with currency traders bracing for potential drama after the US election.
MXN Coin News Analytics from Mon, 22 Oct 2012 09:31:11 GMT to Thu, 24 Apr 2025 21:23:41 GMT -
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