MXNB, issued by Nvio Pagos El Salvador, S.A. de C.V., a Bitso entity, is a fiat-backed payment stablecoin that maintains a 1:1 peg to the Mexican peso (MXN) for onchain transfers, payments, and currency conversion. [S1][S2]

Each MXNB token represents one Mexican peso (MXN) and is backed 1:1 by Mexican pesos and cash equivalents held in regulated Tier-1 institutions as segregated MXN reserves. [S1] MXNB carries no yield, interest, or rebasing mechanism and functions solely as a value-transfer instrument for cross-border payments, remittances, merchant settlement, and stablecoin FX. [S1][S2] Minting from MXN carries zero conversion fees, while blockchain gas fees apply when sending MXNB to external wallets. [S1][S3]

MXNB is issued by Nvio Pagos El Salvador, S.A. de C.V., licensed in El Salvador by the National Commission of Digital Assets (Comisión Nacional de Activos Digitales, CNAD), which is responsible for its issuance and management and applies CNAD requirements for reserve backing, transparency, and operational oversight. [S2] The token is a fiat-backed claim redeemable 1:1, maintained through a strict collateralization process. [S1][S3] Access requires AML and KYC onboarding through a Juno account with saved bank accounts. [S1][S3] Holders redeem MXNB to MXN with payouts to any Mexican bank account, subject to a $100 MXN minimum; reserves sit in Tier-1 banks with tokens protected by Multi-Party Computation vaults. [S1][S3]

MXNB transacts on Arbitrum, Ethereum, and Avalanche with near-instant execution. [S1] Holders mint by depositing MXN via SPEI to an assigned CLABE account, with issuance taking at least 5 minutes and up to 24 hours, subject to a $100 MXN minimum. [S1][S3] Full backing is verified through monthly attestations by a Big Four auditor and monthly zk-SNARK proofs of solvency published onchain. [S1][S4]

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://bitso.com/business/products/mxnb-stablecoin" },
    { id: "S2", url: "https://support.bitso.com/hc/en-us/articles/9217731460884-What-is-Nvio-Pagos-Mexico" },
    { id: "S3", url: "https://support.bitso.com/hc/en-us/sections/34399096887444-Juno-Mint-Platform" },
    { id: "S4", url: "https://bitso.com/proof-that-matters" },
  ]}
/>


Stablecoins

Bitso operates through a mobile-first approach with a unified app that combines crypto and traditional asset trading, generating revenue through trading fees, spreads, and institutional services. The platform provides staking services where users can earn yields on assets like USDC, USDT, ETH, and SOL with weekly payouts, while also facilitating cross-border money transfers leveraging cryptocurrency rails for faster and more affordable international payments.

Bitso provides a comprehensive trading platform offering access to 100+ cryptocurrencies alongside traditional investment products including 5,000+ global stocks and ETFs. The platform offers crypto trading, staking rewards, cross-border payment services, and institutional solutions through Bitso Business for corporate clients. They also operate Bitso Alpha, an advanced trading platform for professional traders.

Bitso is a Latin American cryptocurrency exchange and financial services platform that serves as a bridge between traditional finance and digital assets. The company operates as a regulated digital asset exchange with international licenses, focusing primarily on the LATAM market.

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Bitso

Mexican Peso Stablecoin (MXNB) is a Mexican Peso stablecoin issued by Bitso through Juno.

Each token is redeemable one-for-one for Mexican Peso and is a direct claim on the issuer.

Reserves are held in accounts segregated from the issuer's own funds.

Institutions can mint and redeem directly with Bitso in MXN after completing KYC, and holders have a contractual right to redeem at par.

MXNB has been issued on public blockchains since April 2024 and is native to Ethereum, Arbitrum One, Avalanche, Polygon, and Arc.

Mexican Peso StablecoinMXNB

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