MXNB
Plain definition. MXNB is a stablecoin from Bitso whose value is pegged to the Mexican peso, with each token backed one-to-one by fiat currency reserves.
Technical definition. In Bitso’s announcement, MXNB is a stablecoin pegged to the value of the Mexican peso, fully backed on a one-to-one basis against fiat reserves and regularly audited by independent third parties. Nvio Pagos El Salvador, S.A. de C.V. issues and manages it under a license from El Salvador’s National Commission of Digital Assets (CNAD). That arrangement makes MXNB the first Latin American currency-backed stablecoin to operate under CNAD regulation. Bitso lists its uses as cross-border payments, remittances, digital payments for merchants and fintechs, and stablecoin-to-stablecoin FX conversions.
On this site
On this site, MXNB comes up in What is the Ripple and Bitso MXNB stablecoin on the XRP Ledger?.
Source
MXNB Becomes The First Latin American Currency-Pegged Stablecoin Issued Under El Salvador’s CNAD Regulation - Bitso Brin (mondovisione.com), read October 1, 2026.