Bitso Launches Stablecoin on Arbitrum Network: Bridging Fiat and Crypto

Bitso, a prominent Mexican cryptocurrency exchange, has launched MXNB, a stablecoin pegged to the Mexican Peso. The stablecoin, issued and managed by Bitso’s subsidiary Juno, is now live on Arbitrum, an Ethereum Layer-2 network known for its speed and cost efficiency. This move addresses challenges faced by businesses operating in new markets when sending payments across borders.