Bitso will issue a Mexican peso-backed stablecoin MXNB on Arbitrum

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bitso has announced the establishment of a subsidiary called Juno, which will issue and manage digital assets including stablecoins. The first token issued by Juno is a fully backed Mexican Peso stablecoin (MXNB), aimed at facilitating cross-border payments and financial transactions in the region. To support the adoption of its stablecoin, Juno has launched the Juno Mint platform, providing businesses with APIs and tools for issuing, exchanging, and converting MXNB, and integrating with Mexico's SPEI banking system for fiat currency transactions.