Bitso’s MXNB Stablecoin Launches on Arbitrum, Bringing Fiat-Backed Solution to Mexican Market

Bitso, a leading cryptocurrency exchange in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. This new stablecoin is now live on Arbitrum, an Ethereum Layer-2 network, offering faster and more efficient transactions for users within Mexico. backed by Juno, Bitso’s subsidiary, MXNB provides a reliable solution for businesses and individuals looking for secure and transparent financial tools. MXNB offers full backing at a 1:1 ratio with Mexican pesos, addressing the challenges faced by global companies when serving new markets in Latin America.