• A subsidiary of Bitso, Juno will operate independently to launch new stablecoin tokens, starting with the Mexican peso-pegged MXNB stablecoin, which can be managed and redeemed through the Juno Mint Platform.
• Arbitrum is the main network where MXNB is deployed, and where main use cases will be pursued leveraging MXNB native issuance. 

Bitso Business —the B2B arm of Bitso that provides infrastructure for efficient and transparent cross-border payments— announced today the creation of its subsidiary Juno, a company dedicated to the issuance and management of virtual assets. Along with this announcement, Juno is launching MXNB token on Arbitrum, a stablecoin pegged to the value of the Mexican peso, which is fully fiat-backed on a one-to-one basis against reserves. Due to its high security, scalability, speed and growing ecosystem across Latin America, Arbitrum is the foundational blockchain partner and initial network where MXNB growth will be pursued.

Stablecoin activity has grown quickly, reaching a market cap of over US$230 billion in March of 2025 and facilitating trillions in transaction volume each year. Many industry experts expect stablecoins to further improve the financial infrastructure that fiat currency has been slow to innovate on, like payments and cross-border transfers. In a recent study, From Barriers to Bridges: How Blockchain Can Reshape Cross-Border Payments in Latin America, Bitso Business, in partnership with PCMI, found that blockchain technology and stablecoins are emerging as a preferred method of global transfer by removing intermediaries, cutting costs, and increasing transaction speeds.

Given the significant potential of this market and the growing number of stablecoin-related projects under development, Bitso Business recently appointed Ben Reid as the new Head of Stablecoins to drive the company’s stablecoin strategy and help accelerate global adoption of emerging market stablecoins to help companies and consumers alike benefit from more efficient payment rails, greater financial inclusion, and increased financial market access.

“Global companies face significant monetary challenges when it comes to serving customers in new markets and conducting cross-border payments, including high intermediary costs and inefficient transaction times. Stablecoins provide a fast, cost-effective and transparent fiat-pegged alternative and have been instrumental in expanding access to foreign markets and transforming payments worldwide. MXNB enables global companies to do business in LatAm in a more efficient way and Juno will be a key player to issue and exchange digital tokens that can foster the region’s opportunities”, said Ben Reid, Head of Stablecoins at Bitso Business.

To enable the distribution and growth of MXNB in a vibrant and influential ecosystem with active projects across payments, remittances, wealth management, DeFi and gaming, to name a few, Juno has partnered with Arbitrum, one of the most widely adopted Ethereum Layer 2 (L2) scaling solutions designed to enhance transaction speed and reduce costs while maintaining Ethereum’s security and decentralization.

"Partnering with Bitso Business and Juno on MXNB allows Arbitrum to participate in a highly significant project for the cross-border digital payments industry," said Austin Ballard, Partnerships Manager at Offchain Labs. "Selecting Arbitrum as the native blockchain where MXNB is deployed unlocks the expertise and capabilities of the Arbitrum ecosystem in Mexico and beyond, leveraging established developer communities across LatAm and access to a network of partners in financial services and fintech. This will drive product development for this token in a region where local and global companies are eager for such solutions."

As part of the Bitso group, Juno will operate independently to manage stablecoin operations, including MXNB, while adhering to the highest standards of segregated custody, management, and transparency for both fiat currency and crypto funds.

MXNB combines the advantages of blockchain technology —such as transparency, transaction speed, and global accessibility— with stability through strict operational control mechanisms. It is fully backed by the equivalent value in Mexican pesos, and the reserves are regularly audited by third parties to ensure transparency and trust.

The MXNB stablecoin will support a wide range of institutional use cases, including:

• Cross-border payments: With MXNB, businesses will be able to convert funds between other stablecoins pegged to their local currency. Juno allows companies to convert dollar-backed stablecoins to MXNB so they can quickly move value to other businesses, with either cryptocurrencies transfers or MXN transfers facilitated through the SPEI system.
• Fintechs and wallets: Infrastructure that expands market access for both foreign and local entities through digital assets, opening up regional expansion opportunities at lower costs.
• Digital payments: Payment service providers can expand their offerings by integrating MXNB into their solutions, enabling faster settlements and lower transaction fees for both individuals and merchants.
• Money transmitters (remittances): Remittance companies can leverage MXNB to facilitate faster and lower-cost payments to recipients.

To enhance corporate access to MXNB, Juno has developed the Juno Mint Platform, which offers browser-based operation as well as a comprehensive set of APIs. These tools will allow clients to access services such as token issuance and redemption, fiat on and off-ramps for MXNB via local payment rails, and stablecoin-to-stablecoin FX conversions.