Tether launches a new stablecoin pegged to the Mexican peso (via Yogita_Khatri5)
It will be initially available on Ethereum, Tron and Polygon.Tether has launched a new Mexican peso-pegged stablecoin, marking its entrance into Latin America.
This is Tether's fourth fiat-pegged stablecoin, after US dollar-pegged USDT, Euro-pegged EURT and the offshore Chinese Yuan-pegged CNHT. While Tether has Euro and Yuan-pegged stablecoins, its USD-pegged stablecoin USDT remains more popular, although it has recently seen massive redemptions amid panic over the collapse of algorithmic stablecoin terraUSD earlier this month.
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