{"id":453149,"date":"2022-05-26T16:51:12","date_gmt":"2022-05-26T13:51:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-launches-stablecoin-pegged-to-pesos-on-ethereum-tron-and-polygon\/"},"modified":"2022-05-26T16:51:12","modified_gmt":"2022-05-26T13:51:12","slug":"tether-launches-stablecoin-pegged-to-pesos-on-ethereum-tron-and-polygon","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-launches-stablecoin-pegged-to-pesos-on-ethereum-tron-and-polygon\/","title":{"rendered":"# Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be625248e6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be625248e6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tether-launches-stablecoin-pegged-to-pesos-on-ethereum-tron-and-polygon\/#%E2%80%9D_Tether_launches_stablecoin_pegged_to_pesos_on_Ethereum_Tron_and_Polygon_%E2%80%9C\" >&#8221; Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Tether_launches_stablecoin_pegged_to_pesos_on_Ethereum_Tron_and_Polygon_%E2%80%9C\"><\/span>&#8221; Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODE0NzA5MTItZThkZS00NzhjLThkMGUtNDI3NmQ5NzAxZTBjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon (MATIC) networks.\u00a0<\/p>\n<p>In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token will have the MXNT ticker and will join Tether&#8217;s roster of fiat-pegged stablecoins that includes dollar-pegged USDT, euro-pegged EURT and Chinese yuan-pegged CNHT. <\/p>\n<p>Citing data that reports blockchain and crypto demand among Mexican companies, the stablecoin issuer believes that there&#8217;s a unique opportunity to provide a cheaper option for asset transfer within the region. <\/p>\n<p>According to Tether&#8217;s chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer, Paolo Ardoino, the rise in crypto usage in Latin America pushed their decision to &#8220;expand.&#8221; He explained that the introduction of a stablecoin pegged to the peso will give those in Mexico a way to store value. Apart from this, Ardoino believes that: <\/p>\n<blockquote><p>\u201cMXNT can minimize volatility for those looking to convert their assets and investments from fiat to digital currencies.\u201d<\/p><\/blockquote>\n<p>The team also highlighted that the move will add value to the emerging market by providing a testing ground for onboarding new crypto users in the region. Additionally, they noted that this may also set a precedent for the launch of more peso-pegged stablecoins. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Cryptopedia: Learn the concepts behind stablecoins and how they work<\/em><\/strong><\/p>\n<p>Earlier in May, USDT showed some signs of stress as it traded below $0.99 on some of the major crypto exchanges. However, the Tether chief technology officer assured the community that they are able to withstand the redemption of 300 million USDT tokens in a day &#8220;without a sweat drop.&#8221; <\/p>\n<p>On the same day, the firm also announced the transfer of 1 billion USDT from Tron&#8217;s blockchain into Ethereum and Avalanche (AVAX). The chain swap was announced amid market panic because of the recent collapse of TerraUSD (UST). <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tether-launches-stablecoin-pegged-to-pesos-on-ethereum-tron-and-polygon\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon &#8220; Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon (MATIC) networks.\u00a0 In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token&#8230;<\/p>\n","protected":false},"author":1,"featured_media":453150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODE0NzA5MTItZThkZS00NzhjLThkMGUtNDI3NmQ5NzAxZTBjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75493,74355,70504,36041],"class_list":["post-453149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-stablecoin","tag-adoption","tag-mexico","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=453149"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/453150"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=453149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=453149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=453149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}