What is MXNB?

MXNB is the stablecoin behind your Mexican Peso balance on Moneda. In the app you simply see and hold a MXN balance. The stablecoin is the mechanism underneath, the same way EUR balances are held as EURC.

It is issued by Juno, a Bitso company that operates independently of Bitso. Juno is an authorised electronic payment institution under Mexico's Fintech Law.

What that means for you:

  • MXNB is backed 1:1 by Mexican pesos.
  • Reserves are held in safeguarded accounts at licensed financial institutions in Mexico.
  • Backing is verified by monthly attestations from an independent auditor.

MXNB runs on Base, which is the network Moneda uses.

MXN is currently available to users in Mexico. If you do not see a MXN account yet, it may not be enabled for your account or country.