A Business Name- Bitso's B2B segment, which provides infrastructure for efficient and transparent cross-border payments – announced today the creation of theJuno, your subsidiary dedicated to the issuance and management of virtual assets. As its first release, Juno announces thetoken MXNBon the Arbitrum network, astablecoinlinked to the value of the Mexican peso, with a 1:1 parity guaranteed by fiduciary reserves. Due to its high security, scalability, speed, and growing ecosystem in Latin America, theArbitrumIt is the underlying blockchain and the initial network where the growth of MXNB will be driven.
The sector ofstablecoinsgrowing rapidly, reaching a capitalization exceeding230 billion dollarsIn March 2025, and moving trillions in transaction volume annually. The market expectation is that thestablecoinsfurther improve the financial infrastructure, whose innovation process regarding 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 thestablecoinsThey are becoming the preferred method for global transfers, due to their ability to eliminate intermediaries, cut costs, and increase transaction speed.
In light of this promising scenario and the growing number of related projectsstablecoinsIn development, Bitso Business recently appointed Ben Reid as the new Head ofStablecoinsHe will lead the company's strategy to accelerate the global adoption of these assets in emerging markets, providing businesses and consumers with greater efficiency in payments, financial inclusion, and expanded access to financial markets.
Global companies face significant monetary challenges in serving clients in new markets and making cross-border payments, such as high costs and inefficient transaction times. As stablecoinsThey offer a quick, cost-effective, and transparent alternative linked to a fiat currency, and have been essential in expanding access to foreign markets and transforming payments worldwide. MXNB enables global companies to do business in Latin America more efficiently, and Juno will be a key player in the issuance and exchange of digital tokens, helping to drive opportunities in the region," said Ben Reid, Head ofStablecoinsfrom 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 adopted Layer 2 (L2) scalability solutions on Ethereum. This technology was designed to increase transaction speed and reduce costs while maintaining the security and decentralization of Ethereum.
"Working together with Bitso Business and Juno with MXNB allows Arbitrum to participate in a highly significant project for the cross-border digital payments industry," said Austin Ballard, Partnerships Manager at Offchain Labs. The choice of Arbitrum as the native blockchain for the implementation of MXNB leverages the expertise and capabilities of the Arbitrum ecosystem in Mexico and other markets, as well as connecting to established developer communities in Latin America and a network of partners in financial services and fintechs. This will drive the development of products for this token in a region where local and global companies are eager for solutions like this.
As part of the Bitso group, Juno will operate independently to manage operations ofstablecoins, including MXNB, ensuring adherence to the highest standards of segregated custody, management, and transparency for funds in both fiat currencies and cryptocurrencies.
MXNB combines the advantages of blockchain technology—such as transparency, transaction speed, and global accessibility—with stability ensured by rigorous operational control mechanisms. It is fully backed by the equivalent value in Mexican pesos, and the reserves are regularly audited by third parties to ensure transparency and trust.
A stablecoinMXNB will address various institutional use cases, including:
- Cross-border paymentsWith MXNB, companies will be able to convert funds among othersstablecoinslinked to your local currency. Juno allows companies to convertstablecoinslast read in dollars to MXNB, so they can perform quick transfers of funds to other institutions, either through cryptocurrency transfers or Mexican pesos, facilitated by the SPEI system.
- Fintechs and digital walletsInfrastructure that expands market access for foreign and local entities through digital assets, opening opportunities for regional expansion at reduced costs.
- Digital paymentsPayment service providers can expand their offerings by integrating MXNB into their solutions, enabling faster settlements and lower transaction fees for individuals and merchants.
- Money transfer companiesRemittance companies can use MXNB to make faster payments with lower costs to recipients.
To facilitate corporate access to MXNB, Juno developed the Juno Mint Platform, which offers browser-based operation, as well as a complete set of APIs. These tools enable clients to access services such as token issuance and redemption, sending and receiving fiat currency payments to MXNB through local payment infrastructures and conversions betweenstablecoins.
