Search results for Mexican peso
Finance
Shinhan Bank launches cross-currency overseas remittance for corporate clients
Shinhan Bank is launching a cross-currency overseas remittance service for corporate clients to improve convenience for overseas payments and global cash management. The service uses U.S. dollars during processing while paying recipients in local currency. It will be available at Shinhan Bank branches. The bank will support 11 currencies including the Taiwan dollar, Mexican peso, Malaysian ringgit and Philippine peso, and plans to expand to 27 currencies in July.
Crypto
Bitso expands cooperation with Ripple, launches peso-pegged stablecoin MXNB on XRP Ledger
Bitso will issue the Mexican peso-pegged stablecoin MXNB on the XRP Ledger and use it with Ripple’s RLUSD stablecoin for corporate cross-border settlement between the United States and Mexico. The move extends the companies’ payments cooperation in Latin America onto an XRP Ledger-based framework. MXNB will link to Ripple DEX-based payments infrastructure and integrate with a permissioned XRP Ledger DEX accessible only to verified participants.
Crypto
Tether expands non-dollar stablecoins, pushes Georgian lari-pegged GELT
Tether and the Georgian government are moving to launch GELT, a stablecoin pegged to the Georgian lari, within Georgia’s newly established digital asset regulatory framework. Tether said it expects GELT to support digital payments in Georgia and cross-border commerce, but said details such as structure, launch method and regulatory application will be disclosed later. Georgia’s central bank has set out rules covering reserves, redemption rights, oversight and AML compliance.