Bitcoin.com News
Bitcoin.com News|Mar 28, 2025 06:32
The stablecoin market is evolving! 🇲🇽 Bitso, one of Latam's largest exchanges, has launched MXNB, a stablecoin backed by the Mexican peso, bringing its utility on-chain! With the creation of Juno, a new subsidiary focused on digital asset tokenization, MXNB is set to revolutionize cross-border payments, allowing seamless transactions without traditional banks. Fully backed by pesos, MXNB empowers Mexican fintechs to offer independent savings accounts and helps remittance operators cut costs using crypto rails. Ben Reid from Bitso highlights how MXNB streamlines operations for global companies entering Latam, tapping into the booming remittance market, which hit a record 65 billion in 2024! What do you think about the future of stablecoins in Latam? Let us know! 💬
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