On Wednesday, the Arbitrum team announced via X that MXNB, a Mexican Peso-backed stablecoin from Juno (Bitso), is now live on Arbitrum. Arbitrum added that its fast, low-cost tech makes cross-border payments more seamless and accessible in Latin America.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down 2.5% today and is trading at $0.3874.