Price chart data for TETHER MXNT is not available in this snapshot. Typically, a price chart would display historical price movements over various timeframes, allowing investors to identify trends, volatility, and key support/resistance levels. For a stablecoin like MXNt, a healthy chart would show minimal price fluctuation, ideally staying very close to its peg (e.g., 1 MXN). Significant deviations or extreme volatility would warrant further investigation into the peg's stability and the underlying collateral.
To view the most current price chart, please refer to a reputable exchange or data provider that lists TETHER MXNT.
TETHER MXNT (MXNt) is a digital asset issued by Tether, designed to maintain a stable value pegged to the Mexican Peso (MXN). As a stablecoin, its primary purpose is to offer a cryptocurrency that minimizes price volatility, making it suitable for transactions, remittances, and as a store of value within the crypto ecosystem without exposure to the extreme price swings typical of other cryptocurrencies.
The current market data for MXNt presents a highly unusual scenario. While a price of $0.05 is reported, consistent with the approximate USD value of 1 Mexican Peso, the reported circulating supply is 0, and the market capitalization is $0.00. Furthermore, the 24-hour trading volume is extremely low at $1.70. This combination of data points suggests either a significant data reporting anomaly, an asset that is not actively circulating or trading, or a very early stage of deployment where tokens have not yet been distributed.
For a stablecoin to function effectively, it requires a robust circulating supply and sufficient trading volume to ensure liquidity and maintain its peg. The reported all-time high of $134.99 is also highly anomalous for an MXN-pegged stablecoin, which should ideally never deviate significantly from its peg. Investors and users should exercise extreme caution and conduct thorough due diligence when encountering such contradictory market data.
Trading TETHER MXNT based on the provided data requires a critical understanding of liquidity and market depth. The reported 24-hour trading volume of $1.70 is exceptionally low. This indicates virtually no active trading on the platform reporting this data. For comparison, even very small-cap cryptocurrencies typically exhibit volumes in the thousands or tens of thousands of dollars daily.
An asset with such minimal volume is considered highly illiquid. Attempting to buy or sell even a small amount could significantly impact its price, leading to substantial slippage. This means the actual price you execute a trade at could be far from the last reported price. Furthermore, the reported circulating supply of 0 and market cap of $0.00, alongside a non-zero price, creates a fundamental contradiction. If there are no tokens in circulation, there should be no price or trading volume.
For a stablecoin, high liquidity is paramount. It allows users to convert between the stablecoin and the pegged fiat currency (or other cryptocurrencies) efficiently and at a stable rate. The current data suggests that MXNt, at least on the platform providing this information, does not possess the characteristics of a liquid or actively traded asset. Traders should verify the asset's status on multiple reputable exchanges and blockchain explorers to ascertain its true market presence and liquidity before considering any transactions.
Understanding an asset's liquidity structure is crucial for assessing its market health and stability. For stablecoins, this typically involves analyzing the distribution of tokens, the depth of order books on exchanges, and the composition of its backing reserves. However, specific, detailed data on TETHER MXNT's liquidity structure, such as token distribution across wallets or exchange order book depth, is not available in this profile.
General guidance for stablecoins suggests looking for a diverse holder base, significant liquidity across multiple trading pairs on major exchanges, and transparent, audited reserve reports. The current reported circulating supply of 0 for MXNt makes any traditional liquidity analysis impossible, as it implies no tokens are currently in active circulation or held by users.
TETHER MXNT (MXNt) is part of the Tether family of stablecoins, which includes USDT (USD-pegged), EURT (Euro-pegged), and others. Tether aims to bridge the gap between traditional fiat currencies and the cryptocurrency market by providing digital assets that maintain a stable value. MXNt is specifically designed to be pegged to the Mexican Peso (MXN) at a 1:1 ratio, meaning one MXNt token should theoretically always be redeemable for one Mexican Peso.
The underlying mechanism for stablecoins like MXNt typically involves holding an equivalent amount of fiat currency or highly liquid assets in reserve for every token issued. This collateralization is intended to ensure that the stablecoin can always be redeemed at its pegged value, providing confidence to users. Transparency regarding these reserves is a critical aspect of stablecoin trust and legitimacy, often achieved through regular attestations or audits.
The utility of MXNt, if actively circulating and liquid, would include facilitating faster and cheaper international remittances to and from Mexico, providing a stable trading pair on cryptocurrency exchanges for Mexican users, and offering a hedge against the volatility of other cryptocurrencies without converting back to traditional banking systems. However, the current data indicating zero circulating supply and minimal trading volume suggests that MXNt may not yet be fulfilling these roles in the market, or its market presence is extremely limited on the reporting platform.
TETHER MXNT (MXNt) is a stablecoin issued by Tether, designed to maintain a value pegged 1:1 with the Mexican Peso (MXN). It aims to provide a stable digital asset for transactions, remittances, and as a hedge against crypto volatility within the Mexican market. The asset's current market data, however, indicates a circulating supply of 0 and minimal trading volume, suggesting a limited or inactive market presence at this time.
Specific network contract addresses for TETHER MXNT are not publicly confirmed in the provided data. Stablecoins like MXNt are typically issued on one or more blockchain networks, such as Ethereum (as an ERC-20 token), Tron (as a TRC-20 token), or others. These contract addresses are unique identifiers on the blockchain that represent the token and are essential for verifying its authenticity, tracking its supply, and interacting with it via wallets and decentralized applications.
To verify the legitimacy and technical specifications of TETHER MXNT, it is crucial to locate its official contract addresses on the blockchain(s) it operates on. This information is usually provided on Tether's official website or reputable blockchain explorers. Without confirmed contract addresses, users cannot reliably interact with the token or verify its on-chain activity.
The market behavior of TETHER MXNT, as indicated by the provided data, is highly unusual and suggests an asset that is either not actively traded, has a significant data reporting issue, or is in a very early, pre-launch phase of distribution. A reported price of $0.05, which aligns with the approximate USD value of 1 MXN, is consistent with its stablecoin nature. However, the accompanying data points of a $0.00 market cap, 0 circulating supply, and a mere $1.70 in 24-hour trading volume are contradictory and raise significant concerns.
For a stablecoin to function as intended, it requires a substantial circulating supply to facilitate transactions and sufficient trading volume to ensure liquidity. The current figures imply that there are no MXNt tokens in public circulation, and virtually no market activity. This means that any reported price is likely theoretical or based on extremely thin order books, making it unreliable for actual trading. The all-time high of $134.99 is also an extreme outlier for an MXN-pegged stablecoin, suggesting a historical data error or a very brief, anomalous price spike that does not reflect its intended stable value.
Investors should interpret this data as a strong warning sign regarding the asset's current market viability and liquidity. It is imperative to seek out more comprehensive and consistent data from multiple, reliable sources, including official issuer statements and blockchain explorers, before making any assumptions about MXNt's market behavior or suitability for investment.
Tether MXNt (MXNt) is a stablecoin issued by Tether, designed to maintain a value pegged 1:1 with the Mexican Peso (MXN). Its goal is to provide a stable digital asset for various financial activities.
The current price of Tether MXNt is reported as $0.05. This value is updated in real-time on platforms like Coinbase.
The current market cap of Tether MXNt is reported as $0.00. A market cap of zero, especially when a price is reported, indicates either no circulating supply or a significant data reporting discrepancy.
Over the last 24 hours, the trading volume of Tether MXNt is reported as $1.70. This extremely low volume suggests very limited or no active trading.
The all-time high of Tether MXNt is reported as $134.99. This figure is highly anomalous for an MXN-pegged stablecoin and likely represents a data error or an extreme, short-lived market event.
The current circulating supply of Tether MXNt is reported as 0. This implies that no tokens are currently in active public distribution or available for trading, which contradicts the existence of a reported price and trading volume.
The tokenomics of TETHER MXNT, as presented by the current data, are highly unusual for a stablecoin. Typically, stablecoin tokenomics revolve around a transparent issuance and redemption mechanism, where new tokens are minted when users deposit fiat currency (or other collateral) and burned when users redeem tokens for fiat. The circulating supply is therefore directly tied to the amount of collateral held in reserve.
However, the reported circulating supply of 0 for MXNt fundamentally contradicts the existence of a reported price ($0.05) and a 24-hour trading volume ($1.70). If there are no tokens in circulation, there should be no market activity or price discovery. This suggests a severe data inconsistency or that the asset is not yet fully launched or distributed in the market.
For a stablecoin to have sound tokenomics, key elements include:
Given the current data, none of these typical stablecoin tokenomic principles can be confidently assessed for MXNt. The reported zero circulating supply is the most critical point, indicating that the asset's tokenomics are either not yet active or are being misrepresented by the available data.
When evaluating TETHER MXNT, it's useful to consider comparable assets, particularly other stablecoins or cryptocurrencies with extremely low market capitalization. The provided data suggests that assets with a similar market cap to Tether MXNt include shork, EAGLE COIN, Raiden Network Token, and many others. This comparison is based on the reported market cap of $0.00 for MXNt.
However, it's crucial to understand the context of such a comparison. A $0.00 market cap implies either no circulating supply or an asset that is not actively valued by the market. Therefore, comparing MXNt to other tokens based solely on a zero market cap might group it with highly speculative, inactive, or newly launched projects that bear little functional resemblance to a stablecoin. A more meaningful comparison for MXNt, if it were actively circulating, would be with other fiat-pegged stablecoins, especially those pegged to the Mexican Peso or other emerging market currencies, such as:
These comparisons would focus on factors like liquidity, reserve transparency, adoption, and regulatory compliance, rather than just market capitalization, which in MXNt's case, is currently reported as zero.
Investing in or using TETHER MXNT, based on the current market data, carries significant risks:
Given these risks, extreme caution is advised. Users should prioritize verifying the asset's true market status and liquidity from official and independent sources.
The data provided for TETHER MXNT presents significant quality concerns and inconsistencies. Here's a breakdown:
Without further verification, the provided data should be treated with extreme skepticism and not used as a basis for investment decisions.
Convert TETHER MXNT to USD (and vice-versa) using the current market price.
Note: Due to the extremely low liquidity and zero circulating supply reported, this calculator is for illustrative purposes only and may not reflect actual executable prices.
TETHER MXNT (MXNt) is presented as a stablecoin pegged to the Mexican Peso, issued by Tether. While its reported price of $0.05 aligns with the MXN peg, the accompanying market data—including a $0.00 market cap, 0 circulating supply, and $1.70 in 24-hour trading volume—is highly contradictory and suggests a significant data anomaly or an asset that is not actively circulating or trading. The reported all-time high of $134.99 further adds to these inconsistencies. Investors should exercise extreme caution and conduct thorough independent verification before considering any engagement with MXNt, as the current data indicates severe liquidity issues and potential data integrity problems.
Given the nature of TETHER MXNT as a stablecoin, related assets would typically include other stablecoins, particularly those pegged to fiat currencies. However, due to the highly unusual and contradictory market data for MXNt, direct comparisons based on market activity are challenging. If MXNt were an active and liquid asset, related assets would include:
Currently, the most 'similar' assets based on the reported $0.00 market cap would be other cryptocurrencies with extremely low or zero market capitalization, which often include inactive projects, meme coins with no value, or newly launched tokens awaiting distribution. This type of comparison, however, does not reflect functional similarity to a stablecoin.