MXNe has formed an exclusive partnership with Etherfuse to launch Real MXN, a peso-backed stablecoin of Mexico available on both Solana and Stellar blockchains. Under the agreement, MXNe will provide support for on-chain payments, settlements, and payroll within Mexico's economy.

According to David Taylor, the founder and CEO of Etherfuse, the MXNe stablecoin, developed in collaboration with Brale, will revolutionize transaction methods and value acquisition. He believes this initiative will empower communities involved in its development and utilization.

The creation of MXNe aims to enhance communication between Mexico's economy and global finance. Through MXVe, communities will have the opportunity to drive economic growth and add value to their financial endeavors.

Mexico ranks third globally in terms of remittances, following China and India, with citizens in offshore locations sending $51.6 billion back home annually. By utilizing MXNe for transactions, merchants and customers can benefit from lower fees compared to using USD stablecoins for offshore transfers.

Furthermore, MXNe enables application developers to leverage financial features associated with its expanding ecosystem. Bralefor facilitates the minting of new MXNe, allowing US-based companies to mint and redeem MXNe at a 1:1 ratio with USDC and USDP through their Brale accounts.

In the future, MXNe will be available on Ethereum, with plans for listing on local exchanges and on- and off-ramps. Application developers will have the option to integrate MXNe into their applications using the Brale API and Etherfuse SDK.