RE:Crypto Ponzi exposed They will keep it going as long as there are people looking to make a buck. Just go to where its not regulated as much. .. Stable coin in peso convert to USD or any other cureency make $$$ on the transaction.
.
Tether, the company behind the world’s largest stablecoin USDT, has announced the launch of MXNT, a stablecoin backed by Mexico’s national currency, the peso. MXNT will initially be available on Ethereum, Tron, and Polygon.
The new stablecoin joins several others the company has launched, including USDT, EURT, CNHT, and XAUT. These are pegged to the value of the U.S. dollar, the Euro, the Chinese Yuan, and an ounce of gold, respectively.
Tether CEO Paolo Ardoino noted that there has been rising cryptocurrency usage in Latin America, which prompted the firm to expand its offerings. Ardoino added that a “Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico.”
The company also cited a report by crypto payments company Triple A, which said 40% of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form, with 71% within this segment focusing specifically on cryptocurrency usage.
Singoa58 wrote: Love it... crypto is dying lol the fact it's now being regulated everywhere spells the end period... lost its advantage now