Start by trimming and cutting your boneless, skinless chicken breasts into lengthwise strips. This allows for even cooking and easy shredding later.
In a mixing bowl, combine the chicken strips with the Pace Picante Sauce, onion powder, garlic powder, Green Tabasco Sauce, and fresh-squeezed lime juice. Mix until the chicken is well-coated with the seasoning.
Place the seasoned chicken into the Instant Pot. Top with the cream cheese and diced green chiles (juice included). Make sure everything is spread evenly.
Secure the lid on your Instant Pot and set it to cook on high pressure for 10 minutes. Once the cooking time is complete, let the pressure release naturally for 5 minutes before using the quick release function to release any remaining pressure.
Carefully open the lid and use two forks to shred the chicken directly in the pot. Stir in the grated Mexican Blend cheese until melted and well-combined.
Warm the Mission Carb Balance Low-Carb Tortillas according to package instructions. Spoon the cheesy chicken mixture onto each tortilla, adding additional cheese, olives, and green onions as desired.
Serve your Instant Pot Cheesy Chicken Tacos immediately, adding extra Green Tabasco Sauce at the table for those who like a little more heat!