About Bitso and its Relevance
Bitso, a Mexican fintech company, is developing a business line that combines its payment infrastructure with a stablecoin called MXNB. This stablecoin is backed by Mexican pesos and aims to facilitate local currency transfers for businesses, fintech companies, and international operators through a regulated and technological structure.
Nvio’s Role in the Project
The operation relies on Nvio, Bitso’s authorized subsidiary as an Electronic Funds Transfer Institution (IFPE) since 2020 under the Fintech Law. Nvio acts as an intermediary in peso disbursement within the SPEI system.
Adapting Existing Infrastructure
Daniel Vogel, Bitso’s co-founder and CEO, explained that the company had built a robust payment processing infrastructure for SPEI, which was highly scalable and resilient. This infrastructure, initially designed for millions of retail users, has been adapted to cater to the growing demand from corporate clients.
MXNB Development
The expansion of services led to the creation of MXNB, a stablecoin launched by Juno, Bitso’s group company, in March 2025. MXNB allows users to maintain digital balances equivalent to pesos and convert them into fiat currency instantly.
Regulation and Operation
Gabriel Esulliani, Bitso Business’s revenue director, explained that the model operates on two levels integrated yet under different frameworks. Peso transactions and disbursements are fully regulated under Nvio, a direct SPEI connector.
Stablecoin Market Growth
According to Bitso, the global stablecoin market has grown 16 times in the last four years, with a capitalization exceeding $276 billion by mid-2024.
Key Questions and Answers
- What is Bitso’s new business line about? It combines Bitso’s payment infrastructure with a stablecoin (MXNB) backed by Mexican pesos to facilitate local currency transfers for businesses, fintech companies, and international operators.
- What is Nvio’s role in this project? Nvio, Bitso’s authorized subsidiary as an Electronic Funds Transfer Institution (IFPE), acts as an intermediary in peso disbursement within the SPEI system.
- How has Bitso’s existing infrastructure been adapted? Initially designed for retail users, the payment processing infrastructure has been modified to cater to the growing demand from corporate clients.
- What is MXNB and when was it launched? MXNB is a stablecoin created by Bitso’s group company, Juno, in March 2025. It allows users to maintain digital balances equivalent to pesos and convert them into fiat currency instantly.
- How are transactions regulated in this model? Peso transactions and disbursements are fully regulated under Nvio, a direct SPEI connector.
- How has the stablecoin market grown? The global stablecoin market has grown 16 times in the last four years, with a capitalization exceeding $276 billion by mid-2024.
