In a recent interview on Fox Business, prominent podcaster Natalie Brunell expressed her joy at the recognition of Bitcoin as a globally relevant asset in the financial field. This achievement represents a kind of financial citizenship letter for the cryptocurrency, which has overcome years of rejection by various institutions.

During the conversation, Brunell highlighted the numerous qualities that put bitcoin at the top as a financial asset. In particular, she emphasized the scarcity of the currency, which has an issuance limit of 21 million tokens, making it an ideal store of value in times of inflation.

It is worth mentioning that Bitcoin’s scarcity is a feature widely praised by cryptocurrency enthusiasts. In her own podcast, “Coin Stories”, Brunell has had the participation of influential figures in the economic and financial life of the United States, who agree that cryptocurrency will play a crucial role in future scenarios.

Colonel Douglas Macgregor, a critic of US foreign policy, highlighted Bitcoin’s role as a reserve asset. During his conversation with Brunell, Macgregor highlighted the rapid loss of the dollar’s status as a reserve currency and the imperative need to migrate towards cryptocurrencies in this context.

K. Tovar

Source: Criptotendencia

(Referential image source: Kanchanara, Unsplash)

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La entrada Bitcoin is already an asset of global relevance apareció primero en Bitfinance.

Tether launched its fourth stablecoin called MXNT, linked to Mexico’s legal tender, the peso, with the purpose of providing users with a “reserve of value” for new markets in Mexico.

Through a press release, the firm explained that among the reasons that motivated the creation of the new stablecoin MXNT was the use of digital assets in the Central American country, “the multimillion-dollar flow of remittances to Mexico and the difficulties involved with transfers of money“.

According to Tether CTO Paolo Ardoino, “The introduction of a peso-pegged stablecoin will provide a store of value for those in emerging markets and, in particular, Mexico. MXNT can minimize volatility for those looking to convert their assets and investments from fiat currency to digital currency.”

Users of the new currency will be able to acquire it through the Ethereum, Polygon and Tron blockchains and will benefit from the experience and transparency offered by blockchain technology.

Ardoino expressed that the increase in the use of cryptocurrencies in Latin America prompted the decision to expand, and indicated that this fact will set a precedent for the launch of other stablecoins backed by Mexican pesos.

The new token will have the ticker MXNT. The firm already has three stablecoins in the crypto market with fiat parity, the USDT, backed to the US dollar, EURT to the euro, and CNHT to Chinese yuan. Also, last year it launched XAUt, backed by gold.

M. Rodríguez

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Source: ambito.com

La entrada Tether launched a new stablecoin pegged to the Mexican peso apareció primero en Bitfinance.