Bitso launches Juno and MXNB stablecoin for cross-border payments

Bitso Business presented Juno, a new subsidiary dedicated to the delivery of Stablescoins.

The first offer is MXNB, a stable fixed at the Mexican and operational peso on the arbitrum (ARB) Platform, according to a shared note with Crypto.News.

This decision aims to improve cross -border payments using the efficiency of the blockchain, by reducing costs and improving the transaction speed.

MXNB is fully sustained on an individual basis with Fiat reserves and will operate in the Juno ecosystem, which includes the Juno Mint platform for the management of tokens.

Stablecoins in global transactions

Juno will facilitate the adoption of MXNB between payments, funding, fintech and cases of institutional use. Companies can convert MXNB and other stablecoins or use it for Fiat transfers via the SPEI system from Mexico.

Ben Reid, head of the newly appointed stable -coxins on Bitso Business, stressed the importance of the stablecoins in Overcome ineffectures in global transactions.

“The stablecoins offer a rapid, profitable and transparent fiatted alternative. MXNB allows global companies to do business in Latam more effectively, “he said.

Juno has teamed up with Arbitrum, an Ethereum Layer 2 scaling solution, to ensure high -speed and low cost transactions. Austin Ballard, director of partnerships at Offchain Labs, noted that this collaboration would stimulate the development of products and broaden the adoption of stablescoin in Latin America.

To ensure transparency, MXNB reserves are regularly checked and Juno adheres to strict operational checks. The Juno Mint platform offers access to the web and API, allowing a tokel program, a completion and FIAT ramps on / off-radi.

With Adoption of the growing stapperBitso Business considers Juno and MXNB as key components in improving the financial infrastructure of Latin America.