Binance, the world's leading blockchain and cryptocurrency infrastructure provider, announces the listing of the new USDT/MXN pair on its platform, so that Mexican users can now buy USDT instantly (a digital asset known as a “stable currency” that maintains the same value as the US dollar), using your Mexican pesos in a much more agile and simple way.

This new functionality of the Binance spot platform will also allow users to sell their USDT instantly to receive Mexican pesos.

“With the listing of this new pair, Binance adds a new alternative to access cryptocurrencies, in line with its objective of continuing to bring the crypto world closer to traditional finance and payments. With the development of new alternatives that respond to the needs of local users, Binance continues to contribute to the growth of the ecosystem in the country,” commented Frida Vargas, general manager of Binance in Mexico.

“The listing of this first pair is taking place at this time, due to the maturation of the Mexican market. For a few months now we have offered the possibility of buying crypto with Mexican pesos and now we understand that there is interest in this new pair that will allow users to operate in Spot with their Mexican pesos, to transact with USDT immediately,” he added.

Additionally, MXN was incorporated into Binance Convert, a simple tool to buy or sell cryptocurrencies without having to enter orders in the trading interface. Convert allows you to convert pesos into cryptocurrencies or obtain pesos instantly, at any time, with a price quoted in real time according to market conditions. Thanks to this, users will be able to convert their MXN into BTC, USDT and more than 350 tokens.

Interest in using cryptocurrencies for everyday transactions is growing every day worldwide. Therefore, Binance believes that it is important to have solutions that allow exchanging fiat money for cryptocurrencies and vice versa.

According to the latest Crypto Adoption Report published by Chainalysis, the adoption of crypto assets in Mexico has been increasing considerably. In 2023, the country ranked 16th, rising 12 positions from the previous year.

In this sense, Binance continues working to offer more and better crypto solutions to its users. In recent months, Binance has launched various products, services and alliances in Mexico and the region, including the possibility of depositing and withdrawing Mexican pesos thanks to third-party services and the alliance with Despegar, an online travel agency, so that travelers can pay using crypto, among other associations.