Tether isn’t the first to notice the Mexican remittance phenomenon, which previously caught the attention of large crypto players including Coinbase, Bitso and Circle. Earlier this year, Coinbase (COIN) launched a cash-out service to convert local pesos to crypto at more than 37,000 physical retail outlets and convenience stores across the country.
BTC Stabilizes Around $58K Following Yesterday’s Rout
Bitcoin stabilized around the $58,000 mark after the U.S. Federal Reserve kept the benchmark interest rate unchanged on Wednesday. Chair...