Frequently Asked Questions

- What is MXNB?
  MXNB is the new stablecoin pegged to the Mexican peso with an objective 1:1 parity. The purpose of stablecoins is to maintain parity with the price of a specific fiat currency.
- What backs the value of each MXNB?
  Each MXNB token is backed by one Mexican peso. The total reserves in pesos that back up the circulating supply of MXNB are held by various financial institutions.
- How is the 1:1 parity between MXN and MXNB maintained?
  Parity is maintained through a pegging mechanism between fiat reserves and tokens issued. In essence, for every unit of MXNB issued, an equivalent amount of fiat currency (MXN) is held in reserves. If the amount of MXNB in circulation deviates from the value of the reserves, mechanisms are in place to adjust the supply of MXNB to maintain parity.
- Who is behind the token?
  Juno is the issuing entity of MXNB tokens. It operates under the same model as the most reliable fiat-backed stablecoins, where each token is fully backed by Mexican peso reserves and cash-equivalent assets held on regulated financial institutions in Mexico. These reserves are regularly audited by third partes to ensure transparency and trust.
- Which networks support MXNB?
  MXNB is natively supported on Arbitrum and Ethereum Main Net as an ERC-20 token.