{"id":28043,"date":"2022-05-26T08:02:11","date_gmt":"2022-05-26T12:02:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28043"},"modified":"2024-07-28T07:38:33","modified_gmt":"2024-07-28T11:38:33","slug":"tether-enters-latin-america-with-this-new-stablecoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-enters-latin-america-with-this-new-stablecoin\/","title":{"rendered":"Tether Enters Into Latin America With This New Stablecoin"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/tether-usdt-maintains-stability-despite-10-bil.html\">Tether<\/a> has launched a new Mexican peso-pegged stablecoin MXNT which marked its entrance into Latin America<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"720\" height=\"378\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Reveals-82-Billion-Reserves-Amid-Crash-Reports.webp\" alt=\"Tether Enters Into Latin America With This New Stablecoin\" class=\"wp-image-27381\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Reveals-82-Billion-Reserves-Amid-Crash-Reports.webp 720w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Reveals-82-Billion-Reserves-Amid-Crash-Reports-300x158.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Reveals-82-Billion-Reserves-Amid-Crash-Reports-150x79.webp 150w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><figcaption>Tether Enters Into Latin America With This New Stablecoin<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-tether-releases-new-stablecoin-pegged-to-mexican-peso\" >Tether Releases New Stablecoin Pegged To Mexican Peso<\/a><\/li><li><a href=\"#h-test-for-adding-new-users-in-latin-america\" >Test For Adding New Users In Latin America<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tether-releases-new-stablecoin-pegged-to-mexican-peso\">Tether Releases New Stablecoin Pegged To Mexican Peso<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/tether-usdt-maintains-stability-despite-10-bil.html\">Tether<\/a> has released a new stablecoin that is tied to the Mexican peso. This is its first step into the Latin American market.<\/p>\n\n\n\n<p>Tether said today that the stablecoin, called MXNT, will be available first on the Ethereum, <a href=\"https:\/\/coinscreed.com\/staging\/tron-trx-surpasses-shiba-inu-in-value.html\">Tron<\/a>, and Polygon blockchains.<\/p>\n\n\n\n<p>This is Tether's fourth stablecoin that is tied to a fiat currency, after USDT, EURT, and CNHT, which is tied to the offshore Chinese Yuan.<\/p>\n\n\n\n<p>&#8220;We have seen a rise in cryptocurrency usage in Latin America over the last year that has made it apparent that we need to expand our offerings,&#8221; Paolo Ardoino, CTO of Tether, said in a statement. &#8220;Introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-test-for-adding-new-users-in-latin-america\">Test For Adding New Users In Latin America<\/h2>\n\n\n\n<p>Tether said that the launch of MXNT will be a test for adding new users in Latin America and will pave the way for more <a href=\"https:\/\/coinscreed.com\/staging\/terra-2-0-plans-to-drop-the-ust-stablecoin.html\">stablecoins<\/a> backed by fiat currency in the region.<\/p>\n\n\n\n<p>USDT has stablecoins that are tied to the Euro and the Yuan, but its stablecoin that is tied to the USD (USDT) is still the most popular. <\/p>\n\n\n\n<p>Even though it has seen a lot of redemptions recently due to panic over the collapse of algorithmic stablecoin terraUSD (UST) earlier this month.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"537\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-1024x537.png\" alt=\"\" class=\"wp-image-28052\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-1024x537.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-300x157.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-768x403.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-1536x806.png 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-2048x1075.png 2048w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-150x79.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-750x394.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/total-stablecoin-supply-daily-1140x598.png 1140w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Source: <a href=\"https:\/\/www.theblockcrypto.com\/data\/decentralized-finance\/stablecoins\" target=\"_blank\" rel=\"noreferrer noopener\">The Block Crypto Data<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>.<\/figcaption><\/figure>\n\n\n\n<p>The Block's Data Dashboard shows that USDT is still the biggest stablecoin in the world, with a total supply of over 77 billion.<\/p>\n\n\n\n<p>But in the last month, the value of USDT has gone down massively by more than 15 billion. But Tether stays positive despite the fall.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has launched a new Mexican peso-pegged stablecoin MXNT which marked its entrance into Latin America Tether Releases New Stablecoin Pegged To Mexican Peso Tether has released a new stablecoin that is tied to the Mexican peso. This is its first step into the Latin American market. Tether said today that the stablecoin, called MXNT, [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":27381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5851,9919],"class_list":["post-28043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-stablecoins-2","tag-tether-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Reveals-82-Billion-Reserves-Amid-Crash-Reports.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28043"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/27381"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}