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Tether, the company behind USDT, announced that 2024, it was the seventh largest investor in U.S. securities, purchasing around $33 billion in treasury securities.
The company also plans to extend their cross-border payments service into more new markets in the near future.
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.
Emerging markets investors are being attracted by local currency-denominated bond instruments while leaving dollar-denominated debt, according to data provided by EPFR Global, a fund flow and allocation data insights company. These markets have outperformed dollar-denominated debt due to the behavior of currencies like the Brazilian real and the Mexican peso, which have appreciated against their
The post Report: Emerging Market Investors Dumping Dollar-Denominated Debt and Seeking Local Currency Bonds Instead appeared first on BTC Ethereum Crypto Currency Blog.
“Imagine if Best Buy, Bank of America, Fox News and an NFL team were all owned by the same individual. All of them will have lightning capabilities in the future,” Jose Lemus, CEO of Ibex Mercado, told Cointelegraph.
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.
Mexico has a burgeoning crypto remittance market that has immense potential.
The measure approved by the Mexican government seeks to protect children from advertising related to consumer products with health warning labels.
Continue reading Mexico Regulates Advertising in the Metaverse at DailyCoin.com.
Mexico anticipates that by 2024 it will be able to launch the digital Mexican peso.
Continue reading Bank of Mexico Creates Conditions for the Launch of CBDC at DailyCoin.com.
In the next 10 years, the metaverse market in the region is expected to grow by 400%.
Continue reading The Growth Potential Of The Metaverse In Latin America at DailyCoin.com.
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry.
Currently, the Mexican unicorn processes around 5% of the total cryptocurrencies that circulate between the two countries.
The peso, which is now trading at $0.051, will serve as the base currency for MXNT. According to data by
Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN? stablecoin. (Read More)
Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19.
The post Panama President demands strict anti-money laundering measures in new crypto law appeared first on CryptoSlate.
Mexico is likely to be one of the first countries in Latin America and the world to enter the club of countries with central bank digital currencies (CBDC).
The Mexican cryptocurrency exchange Bitso has outlined a strategy to attract more clients in the region by improving the returns on their investments.
Continue reading Mexican Platform Bitso Adjusts Its Strategy in Latin America at DailyCoin.com.
IBEX Mercado has partnered with Mexican bitcoin-exchange Tauros for the first Lightning-enabled exchange in Mexico.
Senate ran a series of forums to discuss the need for a legal framework related to crypto, thus making a huge step towards ‘financial freedom, inclusion and education in Mexico’.
The alliance between Club Tigres and Bitso was first revealed in November. Rappi, a Colombian delivery platform, had a similar
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