Mexican Peso Stablecoin Secures Anchorage Custody on Six Blockchains

Why Multi-Chain Custody Matters for Peso Stablecoins

Anchorage Digital Bank and Bitso have deepened their collaboration to custody the MXNB stablecoin, which is pegged to the Mexican peso. The partnership now spans six different blockchain networks, including Ethereum. The deal also covers two U. S. dollar stablecoins, USDPT and USAT. This move strengthens cross-border financial infrastructure between the U. S. and Mexico.

The agreement gives regulated custody on both sides of the border. Bitso operates as a Latin American financial services and cryptocurrency platform. Anchorage provides the secure storage layer. The multi-chain approach ensures users can move MXNB across various networks without friction.

How This Partnership Affects Cross-Border Payments

Supporting six blockchains reduces liquidity fragmentation. Users can access MXNB on Ethereum and other major networks. This expands the stablecoin's utility for remittances and cross-border payments. The dollar stablecoins USDPT and USAT add another layer of financial flexibility for international transactions.

The collaboration targets a key gap in Latin American digital finance. Regulated custody builds trust among institutional investors. The peso stablecoin can now serve as a bridge currency for U. S.-Mexico trade. This reduces reliance on traditional banking rails for remittances.

What is MXNB? MXNB is a stablecoin pegged to the Mexican peso. It is designed for cross-border payments and remittances between the U. S. and Mexico.

Frequently Asked Questions

Which blockchains support MXNB custody? Anchorage now custodies MXNB across six blockchains, including Ethereum. This multi-chain support allows users to move the stablecoin between networks.

What role does Bitso play? Bitso is a Latin American financial services and cryptocurrency platform. It partners with Anchorage to provide regulated custody for MXNB and two dollar stablecoins, USDPT and USAT.