Bitso Launches MXNB Stablecoin on Arbitrum for Faster Mexican Remittances

Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. This stablecoin, issued and managed by Bitso’s subsidiary Juno, is now live on Arbitrum, an Ethereum Layer-2 network known for its speed and low transaction fees. 1:1 backing ensures MXNB’s value directly matches the Mexican Peso. Juno will oversee reserve management and provide regular public audits to ensure transparency.