Bitso Introduces Peso-Pegged Stablecoin on Arbitrum for Faster Transactions
Bitso has launched MXNB, a Mexican peso-backed stablecoin, through its new subsidiary, Juno. Built on the Arbitrum blockchain, MXNB targets cross-border payments, remittances, and financial inclusion.
By offering low fees and fast transactions, the stablecoin provides an efficient alternative to traditional finance systems, allowing for seamless currency exchanges without banks. This move could transform the region’s fintech landscape, especially as Mexico sees billions in remittances annually. Juno’s role in stablecoin issuance is poised to streamline digital asset adoption in Latin America.
Clever Robot News Desk 29th March 2025
