Bitso Launches Mexican Peso-Backed Stablecoin on Arbitrum

Bitso, a leading cryptocurrency exchange based in Mexico, has launched MXNB, a stablecoin pegged to the Mexican Peso. The stablecoin is issued and managed by Bitso’s subsidiary Juno, now live on Arbitrum, an Ethereum Layer-2 network known for its high transaction speed and low fees. MXNB aims to provide a reliable financial solution for businesses seeking to operate in new markets and manage cross-border payments more effectively. ðŸ§