Bitso to Launch Peso-Pegged Stablecoin on Arbitrum
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Bitso is launching MXNB, a peso-pegged stablecoin on Arbitrum, managed by its new subsidiary Juno. The stablecoin aims to facilitate more efficient cross-border trade and foreign investment in Latin America by offering low-cost, fast transactions with full peso reserve backing.
March 27, 2025 | 12:00 pm
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POSITIVE IMPACT
Bitso's launch of Juno and MXNB stablecoin represents a strategic move to enhance digital financial infrastructure in Latin America.
The launch of MXNB and Juno demonstrates Bitso's commitment to innovation and could attract more investors and businesses to its platform.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100