Banxico stalls peso stablecoins as banks stay on the sidelines
- —Fintech law permits peso stablecoins, but Banxico has approved none
- —Mexican banks are not lobbying for peso stablecoin issuance
- —USDC and USDT dominate Mexico-US remittance corridors
Why it matters: Without regulatory approval, Mexico cedes its multi-billion-dollar remittance market to dollar stablecoins.
Source: CriptoNoticias
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