Easier Global Transactions, Bitso Introduces MXNB Stablecoin!

Jakarta, Pintu News—To improve the efficiency of cross-border financial transactions in Latin America, Bitso Business has launched Juno, a subsidiary focused on stablecoin issuance.

The first stablecoin introduced is MXNB, which is linked to the Mexican peso exchange rate and operates on the Arbitrum platform, Ethereum’s ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- tier two scalability solution. The initiative is expected to speed up transactions and reduce costs, opening up new opportunities for global companies to operate in the region.

Check out the full news below!

Bitso and Stablecoin Innovation

Bitso, one of the leading crypto exchanges in Latin America, is now expanding its focus to the stablecoin market through Juno. With the appointment of Ben Reid as head of stablecoins, Bitso Business aims to lead the stablecoin market in the region.

MXNB, a stablecoin fully backed by fiat reserves, is designed to ease cross-border payments and business-to-business financial transactions across Latin America. Stablecoins have become a nearly $230 billion asset class and continue to show significant growth in global adoption.

With prices linked to external assets, especially fiat currencies like the US dollar (USD), stablecoins offer a cheaper and faster alternative to traditional financial systems for payments, remittances, savings and currency conversion. They are particularly popular in developing countries with unbanked populations or unstable local currencies.

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Partnership with Arbitrum and Technology Benefits

Juno has partnered with Arbitrum to ensure fast transactions and low fees. The collaboration aims to drive product development and expand stablecoin adoption in Latin America.

By using Arbitrum technology, Juno is able to offer more efficient transactions and reduce operational costs, which are important factors in cross-border transactions. In addition, to ensure transparency, MXNB reserves are regularly audited, and Juno follows strict operational controls.

Juno Mint’s platform provides web-based API access, enabling token issuance, redemption, and fiat entry/exit points. This allows companies to manage their digital assets more effectively and utilize stablecoins for international transactions.

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MXNB’s Impact on Latin America’s Financial Infrastructure

With stablecoin adoption on the rise, Bitso Business sees Juno and MXNB as key components in improving financial infrastructure in Latin America. MXNB enables global companies to operate in Latin America more efficiently, overcoming significant monetary challenges such as high intermediary fees and inefficient transaction times.

Stablecoins, such as MXNB, provide a fast, cost-effective, and transparent alternative to fiat. They have become an important instrument in accessing foreign markets and transforming payments around the world.

By utilizing the Juno Mint platform, the company can issue, redeem, and convert MXNB and enable fiat entry and exit points with the SPEI banking system in Mexico and stablecoin-to-stablecoin currency exchange.

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Reference

• Crypto News. Bitso Launches Juno and MXNB Stablecoins for Cross-Border Payments. Accessed on March 27, 2025
• Coindesk Business. Crypto Exchange Bitso Launches Stablecoin Business, Eyeing LatAm Cross-Border Payments. Accessed on March 27, 2025
• Featured Image: Bitcoin News