MXNe, issued by Brale Inc., is a stablecoin that maintains value alignment with the Mexican peso (MXN) [S1] and is issued in partnership with Etherfuse for onchain payments, remittances, and payroll across the Mexican economy [S2].

Holders receive a token referencing the Mexican peso (MXN), redeemable through Brale at a value equal to the reference currency [S2]. U.S. businesses onboarded to Brale may mint and redeem MXNe one-to-one against USD Coin (USDC) or Pax Dollar (USDP) directly from their Brale accounts [S2]. Brale holds the reserve assets backing the token and states that account holders are not entitled to returns earned on those assets [S3].

MXNe is issued by Brale Inc., a company governed by the laws of the State of Delaware [S3]. Brale states that it is not registered with the U.S. Securities and Exchange Commission and does not offer securities services [S3]. Accounts are available only to incorporated businesses registered and located in the United States where Brale is authorized to operate [S3]. Reserve assets are held in one or more accounts titled in the name of Brale [S3]. Digital assets held are not covered by Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protection, and Brale reserves the right to delay or halt redemptions [S3].

MXNe is issued onchain on the Solana and Stellar networks [S2], with the product page also listing Base [S1]. Minting occurs when users onboard with Brale, and redemption settles one-to-one against USDC or USDP [S2]. Brale reports stablecoin supply and reserve assets monthly, covering cash, cash equivalents, and U.S. Treasuries [S4].

<Sources
  retrievedAt="2026-06-30"
  items={[
    { id: "S1", url: "https://brale.xyz/stablecoins/MXNe" },
    { id: "S2", url: "https://brale.xyz/blog/introducing-mxne" },
    { id: "S3", url: "https://brale.xyz/legal/business-user-agreement" },
    { id: "S4", url: "https://brale.xyz/blog/our-approach-to-attestations" },
  ]}
/>


Stablecoins

Users deposit fiat and receive the corresponding stablecoin at a 1:1 rate; Brale handles compliant issuance, custody, and redemption.

Brale (brale.xyz) is a stablecoin infrastructure company that issues and manages multi-currency fiat-backed stablecoins onchain.

Brale is a U.S.-based regulated stablecoin issuance and orchestration platform. It issues fiat-backed stablecoins including Real MXN (MXNe) and SBC.

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Stablecoin issuers

Brale

Real MXN (MXNe) is a Mexican Peso stablecoin issued by Brale through Brale Inc.

Each token is a direct claim on the issuer.

Institutions can mint and redeem directly with Brale in USDC and USDP after completing KYC.

Holder terms are governed by the law of Delaware in the United States.

MXNe has been issued on public blockchains since May 2024 and is native to Solana and Base.

Real MXNMXNe

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