The MXNe sovereign coin is the first Mexican Peso-backed stablecoin. Underlined by Etherfuse’s CETES Stablebond, MXNe is redeemable 1:1 for the equal value of the Mexican Peso. CETES are Mexico’s oldest short-term debt security company, with a BBB rating, and are highly liquid in the Mexican market.  Designed to transform on-chain payment, remittances, and payroll in the Mexican economy, MXNe supports merchants and consumers through reduced conversion fees and local value retention.