Digital Peso - $MXND

$MXND — The First Digital Mexican Peso 🇲🇽💵

We all love Mexico — the food, the people, the energy. But when it comes to financial security, nothing beats the strength and stability of the U.S. dollar.

That’s why the $KARTEL protocol created $MXND, the first-ever digital Mexican Peso — backed and overcollateralized by Circle’s fully-reserved $USDC.

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🔐 How it Works

On the official KARTEL dApp, users can:

1. Deposit USDC

2. Mint $MXND 1:1 (minus a 2% minting fee)

That 2% fee:

• 📈 Adds to the protocol treasury as revenue

• 🧱 Increases the USDC backing of the MXND supply

Every $MXND minted increases the strength of the protocol.

No partial reserves. No algorithmic experiments. Just overcollateralized, real value.

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💼 Revenue Mechanics

• The protocol collects a 2% fee on every mint

• Over time, the backing ratio of USDC → $MXND grows stronger

• More $MXND = More fees = Bigger treasury

And since $MXND is designed for DeFi — volume = value

The more people mint, use, and trade with $MXND, the more revenue flows into the KARTEL treasury.

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🌐 Why This Matters

• ✅ Overcollateralized & trust-minimized stablecoin for the Mexican market

• ✅ Fully on-chain, transparent, and permissionless

• ✅ Gives the Mexican population a safe, decentralized alternative to volatile pesos

• ✅ Allows other memecoins to pair with $MXND as a stable LP asset — unlocking a new DeFi ecosystem

• ✅ Fees fuel the protocol and reward the community

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🧱 Final Word

$MXND isn’t just a token. It’s a bridge.

Between TradFi and DeFi. Between pesos and crypto. Between today’s memes and tomorrow’s infrastructure.

Mint with confidence. Backed by bricks. Welcome to cartel-grade stability.