Bitso Business creates new Juno company and launches MXNB stablecoin to facilitate payments in Latin America

A Bitso Business 2b segment of Bitso, which provides the infrastructure for efficient and transparent cross-border payments 2B announced today the creation of the Juno, its subsidiary dedicated to the issuance and management of virtual assets.As a first launch, Juno announces the MXNB token in the Arbitrum network, a stablecoin linked to the value of the Mexican peso, with parity of 1:1 guaranteed by fiduciary reserves. Due to its high security, scalability, speed and growing ecosystem in Latin America, the Arbitrum it is the base blockchain and the initial network where MXNB growth will be driven.

The stablecoins it is growing rapidly, reaching a capitalization greater than  230 Billion dollars in March 2025, and moving trillions in transaction volume annually. stablecoins further enhance the financial infrastructure, whose innovation process in relation to fiat currencies has been slow, in areas such as payments and international transfers. A recent study by Bitso Business, conducted by PCMI, revealed that blockchain technology and the stablecoins they are becoming the preferred method for global transfers, for their ability to eliminate intermediaries, cut costs and increase transaction speed.

Given this promising scenario and the growing number of projects related to stablecoins in development, Bitso Business recently named Ben Reid as the new Head of Stablecoinshe will lead the company's strategy to accelerate global adoption of these assets in emerging markets, offering businesses and consumers greater payment efficiency, financial inclusion and expanded access to financial markets.

“Global companies face significant monetary challenges to serve customers in new markets and make cross-border payments, such as high costs and inefficient transaction times stablecoins they offer a fast, cost-effective and transparent alternative pegged to a fiat currency, and have been instrumental in expanding access to foreign markets and transforming payments around the world.MXNB enables global companies to do business in Latin America more efficiently, and Juno will be a key player in issuing and exchanging digital tokens, helping to drive opportunities in the” region, said Ben Reid, Head of Stablecoins bitso Business.

To drive the distribution and growth of MXNB in a vibrant and influential ecosystem, with active projects in payments, remittances, wealth management, DeFi and gaming, among others, Juno has partnered with Arbitrum, one of the most widely adopted Layer 2 (L2) scalability solutions in Ethereum. This technology is designed to increase transaction speed and reduce costs while maintaining the security and decentralization of Ethereum.

“Jointly acting with Bitso Business and Juno with MXNB enables Arbitrum to participate in a highly significant project for the cross-border digital payments industry”, said Austin Ballard, Partner Manager at Offchain Labs.“A Arbitrum's choice of native blockchain for the implementation of MXNB leverages the expertise and capabilities of the Arbitrum ecosystem in Mexico and beyond, as well as connecting to the consolidated developer communities in Latin America and a network of financial services and fintech partners will drive product development for this token in a region where local businesses are located.

As part of the Bitso group, Juno will operate independently to manage stablecoins, including MXNB, ensuring adherence to the highest standards of segregated custody, management and transparency for funds in both fiat and crypto currencies.

MXNB combines the advantages of blockchain technology such as transparency, transaction speed and global accessibility with stability ensured by strict operational control mechanisms.It is fully backed by the equivalent value in Mexican pesos, and reserves are regularly audited by third parties to ensure transparency and trust.

A stablecoin MXNB will serve a number of institutional use cases, including:

• Cross-border payments: With MXNB, companies will be able to convert funds among others stablecoins tied to your local currency, Juno allows businesses to convert stablecoins backed in dollars to MXNB, so that they can carry out rapid transfer of values to other institutions, either through transfers of cryptocurrencies or Mexican pesos, facilitated by the SPEI system.
• Fintechs and digital wallets: Infrastructure that expands market access for foreign and local entities through digital assets, opening opportunities for regional expansion with reduced costs.
• Digital payments: Payment service providers can expand their offerings by integrating MXNB into their solutions, enabling faster settlements and lower transaction fees for individuals and merchants.
• Money remitters: Shipping companies can use MXNB to make faster and lower cost payments to recipients.

To facilitate corporate access to MXNB, Juno has developed the Juno Mint Platform, which offers browser operation, as well as a full set of APIs. These tools enable customers to access services such as issuing and redeeming tokens, sending and receiving fiat currency payments to MXNB through local payment infrastructures, and conversions between stablecoins.