ABitso BusinessB2B segment of Bitso, that provides the 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 a first release, Juno announces thetoken MXNBon the Arbitrum network, onestablecointied 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, aArbitrumit is the base blockchain and the initial network where the growth of MXNB will be driven
The sector ofstablecoinshas been growing 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 in relation to fiat currencies has been slow, in areas such as payments and international transfers. A recent study by Bitso Business, led by PCMI, revealed that blockchain technology and thestablecoinsare becoming the preferred method for global transfers, for its ability to eliminate intermediaries, cut costs and increase speed in transactions
In light of this promising scenario and the growing number of related projectsstablecoinsin development, Bitso Business recently appointed Ben Reid as the new Head ofStablecoins. He will lead the company's strategy to accelerate the global adoption of these assets in emerging markets, offering companies and consumers greater efficiency in payments, 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 high costs and inefficient transaction times. Comostablecoinsoffer a quick alternative, economic and transparent 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 an essential player in the issuance and exchange of digital tokens, helping to boost opportunities in the region, said Ben Reid, Head ofStablecoinsfrom Bitso Business
To boost 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 formed a partnership with Arbitrum, one of the most widely adopted Layer 2 (L2) scalability solutions on Ethereum. This technology was designed to increase the speed of transactions and reduce costs, 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", in addition to connecting with 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 the MXNB, ensuring adherence to the highest standards of segregated custody, management and transparency for funds in both fiat currencies and crypto
The MXNB combines the advantages of blockchain technology — like 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
AstablecoinMXNB will address various institutional use cases, including
- Cross-border paymentsWith the MXNB, companies will be able to convert funds among othersstablecoinstied to your local currency. Juno allows companies to convertstablecoinslast read in dollars to MXNB, to enable them to make quick transfers of funds to other institutions, whether 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 with reduced costs
- Digital paymentsPayment service providers can expand their offerings by integrating MXNB into their solutions, allowing faster settlements and lower transaction fees for individuals and merchants
- Money transfer companiesRemittance companies can use MXNB to make faster payments at lower costs to recipients
To facilitate corporate access to MXNB, Juno developed the Juno Mint Platform, that offers operation via browser, in addition to a complete set of APIs. These tools allow customers access to services such as issuing and redeeming tokens, sending and receiving fiat currency payments to MXNB through local payment infrastructures and conversions betweenstablecoins
