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Bitso Launches Juno and MXNB Stablecoin for Cross-Border Payments
Bitso Launches Juno and MXNB Stablecoin for Cross-Border Payments
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Bitso Business has introduced Juno, a subsidiary dedicated to issuing stablecoins. The first offering is MXNB, a stablecoin pegged to the Mexican peso and operational on the Arbitrum platform. The move aims to enhance cross-border payments by leveraging blockchain efficiency, reducing costs, and improving transaction speeds. MXNB is fully backed by fiat reserves and will operate within Juno’s ecosystem, including the Juno Mint Platform for token management. Juno will facilitate MXNB’s adoption across payments, remittances, fintech, and institutional use cases, allowing businesses to convert between MXNB and other stablecoins or use it for fiat transfers via Mexico’s SPEI system.
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