- Bitso has launched a new subsidiary called Juno, focused on issuing stablecoins across Latin America.
- Juno’s first stablecoin is MXNB, a peso-pegged token that operates on Arbitrum.
- Juno also offers the Juno Mint platform, which connects to SPEI and bridges fiat and digital currency for global transfers.
Latin American cryptocurrency exchange Bitso has taken a major step in the stablecoin market with the creation of Juno, a dedicated subsidiary for issuing and managing stablecoins.
Announced on March 26, 2025, Juno is positioned to strengthen financial infrastructure across Latin America, a region where stablecoins are increasingly viewed as a solution to currency volatility and inefficiencies in cross-border payments.
MXNB: Juno’s inaugural stablecoin
Juno’s first offering is MXNB, a stablecoin pegged to the Mexican peso.
Bitso announces the creation of Juno, a new company formed to strengthen digital infrastructure and promote the development of stablecoins in the region.
Juno will be the entity responsible for issuing $MXNB, a stablecoin backed 1:1 by… pic.twitter.com/AAlKXRGPjB
— Bitso (@Bitso) March 26, 2025
Built on Arbitrum, an Ethereum Layer-2 scaling solution known for fast, low-cost transactions, MXNB is designed to simplify cross-border payments and support a range of financial services. Choosing Arbitrum highlights Juno’s commitment to scalability and broader financial access.
As an Ethereum Layer-2 solution, Arbitrum significantly increases transaction speeds and lowers fees while maintaining Ethereum’s strong security standards.
Austin Ballard, head of partnerships at Offchain Labs, the team behind Arbitrum, praised the collaboration, saying it “will drive product development and increase stablecoin adoption in Latin America.”
The partnership reflects a larger industry trend: Layer-2 solutions are playing a key role in making blockchain applications more practical for everyday use. Fully collateralized by fiat reserves, MXNB is designed to deliver the stability and trust needed in markets where traditional banking systems can be unreliable.
Bitso has already seen considerable stablecoin adoption, with USDC and USDT dominating transactions on its platform in 2024. Adding MXNB to its product lineup further diversifies Bitso’s offerings and reinforces its position as a regional crypto leader.
A strategic shift for Latin America
Bitso’s launch of MXNB reflects the growing momentum behind regional stablecoins. These digital alternatives mirror the value of local currencies while leveraging blockchain’s efficiency.
This move represents not only a strategic evolution for Bitso but also a potential transformation in how money circulates across Latin America, paving the way for a more inclusive and efficient economy.
The Juno Mint platform
Beyond token issuance, Juno aims to drive broader adoption via its Juno Mint platform. The platform provides businesses and institutions with a comprehensive ecosystem of web tools and APIs for issuing, trading, and converting tokens. It integrates with Mexico’s SPEI payment system to enable smooth transitions between fiat and digital currencies and to facilitate stablecoin exchanges.
Whether enabling remittances, simplifying payments, or fostering fintech innovation, Juno intends for MXNB to be a versatile tool that bridges traditional finance and the digital economy.
This capability is especially relevant for global companies looking to expand in the rapidly growing Latin American market. As stablecoin adoption accelerates worldwide, the launch of Juno and MXNB arrives at a pivotal moment.
With high remittance costs and limited access to banking services posing challenges across the region, Bitso’s new initiative could create meaningful opportunities for businesses and consumers alike.