Bitso Launches Stablecoin MXNB on Arbitrum Network

Mexico-based cryptocurrency exchange Bitso has released MXNB, a stablecoin pegged 1:1 to the Mexican Peso. Issued and managed by Bitso’s new subsidiary Juno, MXNB is now available on the Ethereum Layer-2 network, Arbitrum. This move addresses challenges faced by businesses when expanding into new markets, offering faster, more efficient, and cost-effective financial solutions for cross-border payments.