PANews reported on March 26 that according to CoinDesk, cryptocurrency exchange Bitso announced the establishment of a subsidiary called Juno, which will issue and manage digital assets including stablecoins. The first token issued by Juno is a fully backed Mexican Peso stablecoin (MXNB), aimed at facilitating cross-border payments and financial transactions in the region. To support the adoption of its stablecoin, Juno launched the Juno Mint platform, providing APIs and tools for businesses to issue, exchange, and convert MXNB, and enabling integration with Mexico's SPEI banking system for fiat currency inflows and outflows.
Bitso to Issue Mexican Peso-Based Stablecoin MXNB on Arbitrum
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