- Bitso has launched a new subsidiary called Juno, dedicated to issuing stablecoins across Latin America.
- Juno’s first stablecoin is MXNB, a peso-pegged token running on Arbitrum.
- Juno also offers the Juno Mint platform, connecting SPEI and bridging fiat and digital currencies for global use cases.
Latin American cryptocurrency exchange Bitso has taken a significant step into the stablecoin market by launching Juno, a subsidiary focused exclusively on issuing and managing stablecoins.
Announced on March 26, 2025, Juno aims to strengthen financial infrastructure in Latin America — a region where stablecoins are increasingly viewed as a solution to economic volatility and the inefficiencies of cross-border payments.
MXNB: Juno’s inaugural stablecoin
The first offering from Juno is MXNB, a stablecoin pegged 1:1 to the Mexican peso.
Bitso anuncia la creación de Juno, una nueva compañía que nace con el propósito de fortalecer la infraestructura digital y potenciar el desarrollo de stablecoins en la región.
Juno será la entidad responsable de emitir $MXNB, una stablecoin respaldada en una proporción 1:1 al… pic.twitter.com/AAlKXRGPjB
— Bitso (@Bitso) March 26, 2025
MXNB is built on Arbitrum, an Ethereum Layer-2 scaling solution known for fast, cost-effective transactions. The token is designed to simplify cross-border payments and support a range of financial operations.
Choosing Arbitrum highlights Juno’s commitment to scalability and affordability. As an Ethereum Layer-2, Arbitrum significantly increases transaction throughput and lowers fees while preserving the robust security standards of the Ethereum network.
Austin Ballard, partnerships manager at Offchain Labs, the team behind Arbitrum, praised the collaboration and said it will “support product development and expand stablecoin adoption in Latin America.”
This partnership reflects a broader industry trend where Layer-2 solutions enable more practical blockchain applications for everyday use. Fully backed by fiat reserves, MXNB is intended to deliver the stability and trust required in markets where traditional banking systems frequently fall short.
Bitso already saw strong stablecoin usage on its platform, with USDC and USDT dominating transactions in 2024. Adding MXNB to its portfolio further diversifies Bitso’s offerings and reinforces its pioneering role in the regional crypto ecosystem.
A strategic shift for Latin America
The launch of MXNB illustrates the growing move toward region-specific stablecoins that provide digital alternatives reflecting local currency values while leveraging blockchain efficiencies.
This initiative is not only a strategic pivot for Bitso but also signals a potential transformation in how money flows across Latin America, paving the way for a more inclusive and efficient economy.
Juno Mint platform
Beyond token issuance, Juno is designed to drive broad adoption through its Juno Mint platform. The platform offers businesses and institutions an end-to-end ecosystem with web tools and APIs for issuing, redeeming, and converting tokens.
Juno Mint integrates with Mexico’s SPEI banking system, enabling seamless transitions between fiat and digital currencies, and facilitating stablecoin-to-stablecoin exchanges.
Whether used to streamline remittances, optimize payments, or support fintech innovation, Juno aims to position MXNB as a versatile bridge between traditional finance and the digital economy.
This capability is particularly important for global companies looking to engage with the expanding Latin American market. As global adoption of stablecoins accelerates, the launch of Juno and MXNB arrives at a pivotal moment.
With high remittance costs and limited banking access remaining key challenges in Latin America, Bitso’s new venture could unlock meaningful opportunities for businesses and consumers alike.