Bitso Unveils Juno Subsidiary, Leveraging ARB to Enhance Cross-Border Payments

Bitso Business has announced the launch of Juno, its new subsidiary focused on issuing stablecoins to improve cross-border payments. The first issuance is the MXNB stablecoin, pegged one-to-one to the Mexican peso and operating on the Arbitrum (ARB) platform. Designed to facilitate faster, lower-cost, and more transparent transactions, MXNB is intended for use in remittances, fintech, and institutional payment services across Latin America. The initiative features regular audits of fiat reserves and adherence to strict operational controls to ensure transparency and security. In collaboration with Arbitrum, an Ethereum Layer 2 scaling solution known for its high-speed and low-cost transactions, Bitso aims to tap into blockchain efficiencies for broader financial infrastructure improvements in the region. The new Juno Mint Platform additionally offers web-based as well as API access, streamlining token issuance, redemption, and fiat on/off ramps in support of this ambitious financial ecosystem.