Overview of Basic Operations
Convert fiat to stablecoins or vice versa.
Issuances and redemptions are the most basic transactions you can perform with the MXNB stablecoin. Issuances occur when you deposit MXN in your Juno account and receive MXNB tokens at a 1:1 ratio, and redemptions are the opposite flow, exchanging MXNB for MXN.
Every MXNB token is fully backed by Mexican peso reserves and cash-equivalent assets held in regulated financial institutions in Mexico. These reserves are regularly audited by third parties to ensure transparency and trust. You can exchange MXNB for fiat MXN and vice versa at the pegged rate of 1:1 through the Mint Platform or API calls.
Presently, the Mint Platform and API calls report only your MXNB balance.
Updated about 1 month ago