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Tether, the company behind the crypto industry's largest stablecoin, has launched a new stablecoin pegged to the Mexican peso.

Tether has announced the creation of a new Mexican peso-pegged stablecoin, marking the company's first strike into Latin America. Tether said today that the stablecoin, dubbed MXNT, will initially be available on the Ethereum, Tron, and Polygon blockchains. This is Tether's fourth fiat-pegged stablecoin, following the US dollar-pegged USDT, the Euro-pegged EURT, and the offshore …

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.

Tether expands into South America with a new stablecoin

Tether builds up in Latin world: Mexican peso-pegged token launched

Ethereum, Tron, and Polygon will provide initial support for the new MXNT token.

The company behind the largest stablecoin by market cap has released another such asset, backed by the Mexican peso.

The Cosmos price prediction indicates that there is a potential to drop towards 4.10 if the bearish pennant is completed.

Tether has launched a new Mexican peso-pegged stablecoin, marking its entrance into Latin America. The post Tether launches a new stablecoin pegged to the Mexican peso appeared first on The Block.

You can potentially earn juicy yields by staking Tether. But there could be even smarter alternatives.

The ANKR price prediction is based on the technical pattern on the daily chart, which favours more selling on the ANKR/USDT pair.

Data shows the top stablecoin USDT has lost some dominance following the collapse of UST. While other coins like USDC and BUSD have observed rather sharp growth.

With the broader economic headlines pointing toward a pessimistic picture, investors will want to be careful about cryptos.

Crypto markets have continued to haemorrhage since early April this year, as they are pushed down by most other asset classes during the current economic downturn. Biggest stablecoin Tether has lost more than $10 billion over the last couple of weeks as investors are still showing nervousness since the UST depeg.

Dukascopy Bank SA, a Switzerland-based financial services provider, said on Tuesday that it enabled blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, SEC commissioner Hester Peirce discusses what crypto regulation in the U.S. might look like after Terra's collapse.

The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to linger weeks after the crash leading to investors moving out of stablecoins.

A few days ago, the global cryptocurrency market had just entered a recovery phase but that didn't last long as the market is once again overshadowed by the bearish momentum today.  The recent updates state that as rumors of surging regulatory scrutiny for stablecoins continues grows, crypto traders withdrew about $10 billion from Tether USDT …

In this article, we will take a shot at Tether price prediction amid ongoing FUD around stablecoins since the collapse of UST.

“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.

Introduction about cryptocurrencies A digital currency, also known as a cryptocurrency, is an alternative means of payment that is generated through the use of encryption...

Crypto traders withdrew around $10 billion from Tether USDT in the last two weeks as talks of increased regulatory scrutiny for stablecoins continue to grow.  CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.

Reeve Collins, Tether co-founder and BLOCKv CEO, joins 'Power Lunch' to discuss whether Tether has shored up questions about its 'soundness,' who's backing the company and more.

Quantum Economics Director of Blockchain Market Research Alexandre Lores discusses what to make of investors redeeming $10 billion worth of stablecoin Tether (USDT) since Terra's collapse, and why he prefers to hold only USDC. Plus, his take on concerns over Terra's backer Celsius after it pulled at least half a billion dollars out of Anchor Protocol just as the Terra losses began.