Bitso Launches MXNB Stablecoin on Arbitrum: Bringing Mexican Peso-Backed Fiat Solution to Global Markets

Leading cryptocurrency exchange Bitso 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. MXNB offers a 1:1 backing of Mexican pesos, ensuring its value aligns with the national currency. To enhance transparency and user confidence, Juno has committed to regular independent audits of the reserves, publishing detailed attestation reports publicly on MXNB’s dedicated website. This new stablecoin aims to address challenges faced by global companies when serving new markets through cost-effective cross-border payments. ]