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Altcoins & DeFi

Mexican Peso Stablecoin Gains Anchorage Custody on Ethereum and Beyond

Image: Bitcoin.com News

Anchorage Digital Bank has expanded its partnership with the Latin American financial services and cryptocurrency platform Bitso, bringing custody of the Mexican peso stablecoin MXNB across six blockchains while supporting two dollar-denominated stablecoins, USDPT and USAT. The arrangement connects regulated custody on both sides of the U.S.-Mexico payment corridor, where Bitso says its infrastructure already handles 15% of remittance volume. The financial infrastructure connecting the United States and Mexico is getting a blockchain overhaul, with Anchorage Digital Bank extending its custody services to the Mexican peso stablecoin MXNB across six networks. Simultaneously, Bitso has introduced two U.S. dollar stablecoins, USDPT and USAT, issued by Western Union and Tether, respectively.

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