Bitso Launches MXNB Stablecoin on Arbitrum, Bringing Fiat-Backed Solution to Mexico’s Crypto Market

Mexican cryptocurrency exchange Bitso has launched MXNB, a stablecoin pegged 1:1 to the Mexican Peso. Issued and managed by its subsidiary Juno, MXNB is now live on Arbitrum, an Ethereum Layer-2 network, addressing challenges faced by businesses serving new markets in Mexico. The stablecoin provides increased efficiency and cost-effectiveness for cross-border payments.