Bitso to launch Mexican peso-pegged stablecoin on Arbitrum

As a subsidiary of Bitso, Juno will operate independently to launch new tokens of stablecoins, starting with MXNB, a stablecoin linked to the Mexican peso, which can be managed and exchanged through Juno’s Emission Platform. Arbitrum is the main network where MXNB deploys and where the main cases of use will develop, taking advantage of the native issue of MXNB. Bitso Business – the B2B arm of Bitso that provides infrastructure for efficient and…

Bitso Launches Peso-Pegged Stablecoin MXNB

Mexican crypto exchange Bitso announced the launch of a stablecoin backed by the Mexican peso. The new asset will be issued on the Arbitrum blockchain. Bitso Business, a division of... Сообщение Bitso Launches Peso-Pegged Stablecoin появились сначала на CoinsPaid Media.

Arbitrum Welcomes Mexican Peso-Backed Stablecoin by Bitso | BSCN (fka BSC News)

Managed by Bitso’s subsidiary Juno, MXNB will undergo regular independent audits to maintain transparency and trust.

Arbitrum ($ARB) Struggles with Price Drop as Ethereum's Layer 2 Ecosystem Flourishes

Ethereum’s Layer 2 ecosystem has seen rapid growth, but one of its main projects, Arbitrum ($ARB), is facing some serious headwinds. Despite the Layer 2 (L2) solutions of Ethereum booming and seeing a lot of development, Arbitrum, the second-largest L2 platform by total value locked, is in a market downturn that’s very sharp, very clear, and not very good. Most recently, @intotheblock reported that a staggering 98% of Arbitrum holders are curren…

Bitso launches Juno, a company to facilitate cross-border payments. Image: Courtesy. Bitso Business, the B2B arm of the cryptocurrencies platform that provides infrastructure for cross-border payments, announced the creation of its subsidiary Juno, a company dedicated to the issuance and management of virtual assets. Juno launches the MXNB token in Arbitrum, a stable linked to the value of the Mexican peso, fully backed by fiduciary reserves in …

Bitso Set to Launch Mexican Peso-Pegged Stablecoin on Arbitrum

Bitso, a popular Mexican cryptocurrency exchange, is set to introduce a new stablecoin that is pegged to the Mexican Peso. This move comes as part of Bitso’s expansion into the world of decentralized finance (DeFi) and the growing demand for stablecoins in the crypto market. The new stablecoin will be launched on Arbitrum, a Layer 2 scaling solution for Ethereum. This will allow users to trade the Mexican Peso-backed stablecoin with lower fees a…