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The current real-time price of MXNT is $0.0459. In the past 24 hours, MXNT has traded between $0.0459 and $0.0459, showing strong market activity. The all-time high of MXNT is $0.3800, and the all-time low is $0.0150.
From a short-term perspective, the price change of MXNT over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of MXNT on LBank.-1.66%
The live price of MXNT today is $0.0459, with a current market cap of $0. The 24-hour trading volume is 1.56. The price of MXNT to USD is updated in real time.
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Before deciding whether to buy or sell MXNT, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MXNT technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MXNT.
How much will MXNT be worth tomorrow, next week, or next month in ? What about your MXNT assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MXNT Price Prediction
To learn more about MXNT, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x742d...38f44e  | 19.294M | 96.47% |
ethereum | 0x5754...07b949 | 437.600K | 2.19% |
ethereum | 0x5d2d...24b296 | 257.313K | 1.29% |
ethereum | 0x7713...7635ec | 9,875 | 0.05% |
ethereum | 0x206c...4bba58 | 198 | 0% |
Other | 294.3281 | 0% |
MXNT is a stable digital asset, also known as a stablecoin, that is pegged 1:1 to the Mexican Peso. It is designed to reflect the value of the Mexican Peso and is backed by reserves. MXNT was developed by Tether Operations Limited, the same company responsible for other fiat-pegged stablecoins like USD₮ (US Dollar Tether).
MXNT was launched to serve several key purposes, particularly in the Latin American market. It facilitates digital transactions, providing a local-currency digital cash rail for faster and less costly asset transfers on the blockchain. It aims to minimize volatility for individuals and businesses converting assets from fiat to digital currencies. MXNT also seeks to address difficulties with money transfers and support the significant flow of remittances into Mexico. Tether views its launch as a way to expand offerings and onboard new users in Latin America, acting as a "testing ground" for future fiat-pegged currencies in the region.
MXNT was initially launched with support on the Ethereum, Tron, and Polygon networks.
MXNT is pegged 1:1 to the Mexican Peso and is backed 100% by Tether's reserves. Tether states that its reserves include traditional currency, cash equivalents, and other assets. The company claims to maintain transparency by publishing daily information about the total amount of Tether Tokens in circulation and quarterly reports about its reserves.
MXNT can be acquired on centralized cryptocurrency exchanges, with LBank being one explicitly mentioned exchange where it can be traded. Users can also acquire MXNT directly from Tether by making wire deposits in Mexican Pesos (MXN) to their Tether.to account, provided they meet a minimum acquisition amount (e.g., 100,000 USD equivalent) and complete necessary verification.
While not explicitly detailed for MXNT, common concerns with stablecoins generally revolve around their backing and stability. The promise of a 1:1 peg to a fiat currency means that users often question the transparency and sufficiency of the reserves backing the stablecoin, especially given past volatility incidents with other stablecoins.
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