About Austin Ballard

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.