Bitso Launches MXNB Stablecoin on Arbitrum, Aiming to Boost Remittances

Bitso, a prominent Mexican cryptocurrency exchange, has launched MXNB, a stablecoin pegged to the Mexican Peso, on the Arbitrum Ethereum Layer-2 network. This move aims to address challenges faced by businesses seeking to serve new markets in a cost-effective and efficient manner. 1:1 backed by Mexican pesos, MXNB offers transparency through regular independent audits of reserves published on its dedicated website, ensuring trust for users.