Burnette LynchNov 27, 2021 · 3 years ago5 answers Can the Mexican currency abbreviation be used as a stablecoin in the cryptocurrency industry?
Is it possible to use the Mexican currency abbreviation, MXN, as a stablecoin in the cryptocurrency industry? I'm curious to know if the Mexican peso can be tokenized and used as a digital asset that maintains a stable value, similar to other stablecoins like USDT or USDC. Can the MXN be pegged to a fiat currency or a basket of assets to ensure its stability?