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ROAD TOWN, British Virgin Islands, June 2 2022 – Bitfinex, a state-of-the-art digital token trading platform, has launched a suite of new trading pairs for Tether Mexican Peso (MXNt), a stablecoin pegged to the Mexican peso and the fourth version of the world’s biggest stablecoin.
The launch of MXNt is monumental in marking Tether’s entry into the Latin American market and is the fourth Tether stablecoin to be made available on the platform, adding to Tether tokens (USDt), Tether Euro (EURt) and the offshore Tether Chinese Yuan (CNHt).
The following trading pairs will be available: BTC/MXNt, BTC/MXNt, MXNt/USD, MXNt/USDt and MXNt/EURt.
“As the fourth version of Tether and the first in Latin America, we are delighted to add Tether Mexican Peso to the suite of tokens available to trade on our platform ,” said Paolo Ardoino, CTO at Bitfinex. “The introduction of these Peso-pegged stablecoin pairs will provide our growing user base with a means of managing risk and hedging exposure to the currency of a major Latin American country.”
Deposits will opened at 14:00pm UTC on 01/06/22 before trading commences at 14:00pm UTC 02/06/22.
According to triple A about 2.5 per cent of Mexico’s total population currently own cryptocurrency, amounting to 3.1 million people. For Latin America, 2021 was a landmark year for cryptocurrency adoption. Globally, according to research firm Chainalysis, cryptocurrency usage increased by 880 per cent between June 2020 and July 2021, with the region as a whole now ranking fifth in the world.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
The post Bitfinex Hosts Trading Pairs for Tether Mexican Peso (MXNt), the Fourth Version of World’s Biggest Stablecoin, First for Latin America appeared first on Bitfinex blog.
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