Bitso Launches MXNB Stablecoin on Arbitrum: A New Solution for Cross-Border Payments

Bitso, a prominent Mexican cryptocurrency exchange, has launched MXNB, a stablecoin pegged to the Mexican Peso, on Arbitrum, an Ethereum Layer-2 network. The stablecoin is issued and managed by Bitso’s new subsidiary, Juno. 1:1 backing ensures its value mirrors the Mexican peso. To enhance transparency and instill confidence, Juno will conduct regular independent audits of MXNB reserves and publish reports publicly on the dedicated website.