ChainCatcher news, according to The Block, the stablecoin sector is attracting increasing attention from venture capital. Y Combinator has listed stablecoins as a key focus area for the Winter 2025 batch, with several projects receiving significant funding: the stablecoin infrastructure project usdx.money completed a $45 million financing at a valuation of $275 million; Binance Labs invested in the Solana ecosystem stablecoin protocol Perena; the MiCA-compliant EU stablecoin issuer Quantoz Payments received investments from Tether, Kraken, and others. Stripe acquired the stablecoin payment platform Bridge for $1.1 billion, setting a record for the largest merger and acquisition deal in the cryptocurrency industry.Galaxy Ventures partner Will Nuelle expects that by the end of 2026, the transaction volume of stablecoins for non-cryptocurrency use cases such as trade finance and payment processing will reach $1 trillion, accounting for over 1% of the global cross-border B2B payment market share. VanEck Ventures partner Juan Lopez predicts that in the next 3-5 years, about 30% (approximately $20 billion) of remittances from the U.S. to Mexico will be completed using stablecoins.

ChainCatcher news, according to Cryptonews, Mexican media has revealed that over 3,000 residents of Tehuacán and Puebla have allegedly fallen victim to a cryptocurrency trading bot scam, involving a company called AMG GPT. The company had previously promised "daily returns" and held multiple promotional events. However, recent reports from users indicate that the platform is unable to process withdrawals, and it appears that the company's four offices in the two locations have closed.Victims claim that they were required to pay a "verification fee" to withdraw funds, and were subsequently asked to apply for a high-priced "Crypto-VISA" credit card. It is reported that the early returns received by investors quickly ceased, with some victims investing as much as $1,000. AMG GPT ultimately stated that the withdrawal delays were related to a "shopping festival event," but this explanation has raised further doubts. Currently, about 100 people have filed formal complaints with the prosecution, and the case is under further investigation.

ChainCatcher news, according to Bitcoin Magazine, the price of Bitcoin has reached an all-time high in Mexico, with Bitcoin trading at 1,422,373.9 MXN against the Mexican Peso.

ChainCatcher news, according to The Block, Circle's US dollar stablecoin USDC has entered the Brazilian and Mexican markets, allowing the Brazilian real and Mexican peso to be directly exchanged for USDC without the need to convert the fiat currency into US dollars.

ChainCatcher news, according to CoinDesk, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) recently stated that crypto assets are widely used to support drug trafficking activities in Mexico (illegal fentanyl trafficking), including Bitcoin, Ethereum, Monero, and USDT. U.S. financial companies should be aware of the criminal organizations involved in the production of this dangerous narcotic.

ChainCatcher news, according to Jinshi Data, Elon Musk's Space Exploration Technologies Corp, SpaceX, conducted the fourth test flight of its large interstellar rocket "Starship" today. During the last test flight, the Starship lost contact during its re-entry into the Earth's atmosphere.During this test flight, a few minutes after takeoff, the Super Heavy booster, which is used to propel it into Earth's orbit, separated as planned and fell back to Earth. Subsequently, the booster ignited its engines for the last time to slow its impact speed, and then the Starship successfully achieved a soft landing in the Gulf of Mexico, marking a new milestone in the company's test flight operations.

ChainCatcher news, according to Bitcoin.com, Mexican billionaire Ricardo Salinas Pliego suggested buying Bitcoin to prevent the devaluation of fiat currency.It is reported that in 2021, Salinas Pliego called Bitcoin "extraordinary" and described it as "the gold of the modern world."

ChainCatcher news, according to Decrypt, Spanish telecom giant Telefónica announced a partnership with Helium developer Nova Labs to deploy Helium Mobile hotspots in Mexico City and Oaxaca. These hotspots utilize the cryptocurrency-based Helium 5G network, which will allow Telefónica to offload mobile data traffic and expand its coverage in Mexico.

ChainCatcher news, according to CoinDesk, blockchain startup Etherfuse has launched a tokenized bond "Stablebond" aimed at retail investors in Mexico. The bond is built on the Solana blockchain and is supported by the Mexican government.According to the company's research, Mexico is the second-largest bond market in Latin America, after Brazil. The research adds that the Mexican market is also one of the most liquid markets in Latin America, with outstanding debt of $623 billion and an average daily trading volume of $200 million. Most of the trading volume in Mexico comes from institutions, governments, and foreign investors, with a lack of retail or individual bond investors, as only 2% of bondholders are Mexican.

ChainCatcher news, Paxos is collaborating with Latin American e-commerce giant Mercado Libre to launch a regulated Pax Dollar in Mexico. Paxos stated in a release on Wednesday that this dollar-backed stablecoin will be available to all customers in the country on the Mercado Pago payment platform.It is reported that Mercado Pago has nearly 40 million active users and is the leading online payment provider in Mexico. Paxos stated that this collaboration represents a continuation of its investment in Latin America. (Source link)

ChainCatcher news, according to Cryptoslate, the Central Bank of Mexico may indicate that it will determine a specific launch date for a CBDC within the deadline of 2024 to 2025, but it suggests that the entire timeline for the CBDC is uncertain.It is reported that the Central Bank of Mexico allocated 10.22 million pesos (532,000 USD) for the creation of the CBDC in the fiscal year 2022. The CBDC is being developed in three phases. The first phase will involve the creation of a platform called PagoCel, which will ultimately be used for mobile and PIN-based transfers. The second phase will see financial institutions adopting the CBDC. In the third and final phase, individuals will be able to use the asset. (source link)

According to Chain Catcher, The Block reported that Binance has hired former Chairman of the Mexican National Banking and Securities Commission (CNBV) Adalberto Palma Gómez to join its new global advisory council. Adalberto Palma Gómez was appointed as CNBV Chairman in November 2018 and resigned from the position in March 2020. He has over 30 years of financial experience and has served as an executive at Banamex, Citibank, and Bankers Trust, in addition to working as an independent consultant.Previously, Chain Catcher reported on September 6 that Binance had hired former Brazilian Minister of Finance and former Central Bank President Henrique Meirelles as a member of its advisory council. (Source link)