In a significant development for Mexico’s digital finance ecosystem, Real MXN (MXNe) has officially launched on Base, making it the first peso-backed stablecoin in the network. This expansion aims to simplify remittances, foreign exchange (FX), and decentralized finance (DeFi) integrations, providing a seamless way for users to transact in pesos on-chain.
MXNe is issued in partnership with Etherfuse, a company focused on bridging the gap between Mexico’s local economy and the global financial system. The launch is made possible through a collaboration with Brale, a platform specializing in stablecoin issuance.
A New Era for On-Chain Peso Transactions
The introduction of MXNe on Base marks a milestone in the evolution of digital assets in Mexico. According to David Taylor, CEO of Etherfuse, this launch could revolutionize the way transactions and value transfers occur in the region:
“MXNe’s expansion to Base, made possible through our partnership with Brale, has the potential to revolutionize the way we transact and capture value. This is a significant step forward for Mexican finance, benefiting the communities who create, develop, promote, and use it.”
How MXNe Works
MXNe enables users to send and receive Mexican pesos digitally with reduced costs and faster settlements compared to traditional banking channels. The stablecoin serves multiple functions, including:
- Remittances: Mexico is one of the top recipients of remittances globally. MXNe provides a direct on-chain alternative to traditional remittance services, helping users avoid high fees and long processing times.
- Merchant Payments & Payroll: Businesses can use MXNe to pay invoices, settle salaries, and conduct daily transactions, reducing their exposure to exchange rate fluctuations.
- Financial Services & DeFi: Developers integrating MXNe into applications, payment gateways, and DeFi protocols can create new financial products tailored to the Mexican market.
How to Acquire MXNe
Users can obtain MXNe through multiple channels:
- Brale Stablecoin Issuance Platform: Directly mint MXNe by onboarding with Brale.
- Capa Finance: Purchase MXNe via Capa Finance’s on-ramping solution.
- Aerodrome Liquidity Pool: Swap between MXNe and USDC on Aerodrome.
What This Means for Mexico’s Crypto Ecosystem
The launch of MXNe on Base is a major step in bringing financial stability, lower transaction costs, and broader access to decentralized financial services to Mexico. With its use cases spanning remittances, payroll, and DeFi, MXNe has the potential to reshape the way Mexicans interact with digital finance.
As the Base ecosystem grows, MXNe is expected to play a key role in the adoption of stablecoins for real-world applications, providing users with a reliable, peso-backed digital asset for everyday transactions.
Related:
Arabic
Chinese (Simplified)
Dutch
English
French
German
Italian
Portuguese
Russian
Spanish