USDMXN

FXLive

Tokenized US Dollar / Mexican Peso

Tokenized US Dollar / Mexican Peso, on-chain currency exposure settled in stablecoin.

See USD/MXN on /markets →Underlying ticker: USD/MXN

Key facts

On-chain symbol
USDMXN
Underlying
USD/MXN
Asset class
FX
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Spot price, no distributions
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How USDMXN resolves to USD/MXN

Each USDMXN on-chain represents a 1:1 claim on the underlying US Dollar / Mexican Peso held at an institutional custodian. The issuer and backing model are the same for every Flo token; only the underlying differs.

  1. 01

    Issuance

    Flo Finance issues USDMXN as a tokenized US Dollar / Mexican Peso, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying US Dollar / Mexican Peso is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    USDMXN settles on-chain on Base, Arbitrum, Ethereum. Cross-chain transfers route through Chainlink CCIP.

  4. 04

    Attestation

    Reserves are attested daily by an independent auditor and published on the Flo transparency surface.

Mint USDMXN with one SDK call

Every Flo-issued token shares the same six SDK methods. Mint, redeem, supply, withdraw, borrow, repay.

POST /v1/mint

{
  "asset": "USD/MXN",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where USDMXN lives today

Flo distributes through partners. The same USDMXN on-chain is the asset every partner integrates against; partner UIs may relabel it for their own brand.

Partner integrations in build

No live partner is distributing USD/MXN yet. Twelve integrations are in build across exchanges, wallets, fintechs, neobanks, and asset managers. Partners are listed here only after they ship.

Audits

Four independent firms, $250K bug bounty

Sherlock, Halborn, Cantina, and Cyfrin have audited the smart contracts that issue and settle USDMXN. The same contracts power every Flo-issued token; one audit covers the catalogue.

Read the audit reports →

Backing

1:1 backed by the real underlying

USDMXN is issued by Flo Finance and 1:1 backed by real US Dollar / Mexican Peso held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

USDMXN carries the market risk of the underlying US Dollar / Mexican Peso, plus the structural risks common to every tokenized asset: custody concentration, smart-contract risk, and oracle dependency. Read the full risk disclosures on the Flo transparency surface before integrating or holding.