Following the usdt linked to the US dollar and the eurt linked to the euro, tether has now launched the mxnt stable currency linked to the Mexican peso As the company's fourth stable currency anchored with legal tender, mxnt also officially sounded the horn of tether's march into the Latin American market. Paolo ardoino, chief technology officer of the company, said in a statement: "in the past year, we have seen an increase in the use of cryptocurrencies in Latin America, indicating that we need to expand the coverage of our products in due course.".
(from: tether announcement)
Tether said: mnxt will provide a testing ground for new users in the Americas and pave the way for the subsequent launch of stable currencies linked to more legal currencies in this emerging market.
However, from the overall feedback of the market, even if there are stable currencies linked to the euro and other regional legal currencies, investors prefer usdt stable currencies linked to the US dollar - even if terrausd (UST) had a large-scale redemption stampede during the cryptocurrency crash earlier this month.
The Block / Crypto Data
According to the data dashboard shared by the block, usdt is still the largest stable currency in the world, and the total supply chain has exceeded 77billion so far. At the same time, the supply chain of tether has decreased by more than 15billion in the past month.
However, Paolo ardoino, chief technology officer of tether, stressed in a recent interview with the block that tether has not lost its actual anchor with the US dollar, and tether still provides traders with due convenience for redemption operations.