Profile
MXNB profile facts
MXNB (MXNB) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Mexican Peso.
- Collateral
- Mexican peso cash, cash-equivalent assets, and short-term Mexican government securities held through segregated custodial accounts; beginning April 8, 2026, MXNB is issued by Nvio Pagos El Salvador, S.A. de C.V., an authorised digital-asset issuer in El Salvador
- Peg mechanism
- 1:1 MXN fiat-collateralized stablecoin; Juno/MXNB materials describe reserve parity, token burn/redemption through issuer rails, and quarterly third-party attestations confirming reserves exceed circulating supply
- Jurisdiction
- El Salvador / CNAD
- Proof of reserves
- Independent Attestation by BDO Mexico (Castillo Miranda y Compania) quarterly financial valuation reports, signed by a corporate-finance/valuation partner acting as consultants under IVSC valuation standards; the report expressly does not confirm reserve accounts with banks and expresses no assurance opinion Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
MXNB quick answers
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What is MXNB?
MXNB is backed by segregated MXN cash, cash equivalents, and short-term Mexican government securities and issued under El Salvador's CNAD. The static profile records its Mexican Peso peg mechanism as: 1:1 MXN fiat-collateralized stablecoin; Juno/MXNB materials describe reserve parity, token burn/redemption through issuer rails, and quarterly third-party attestations confirming reserves exceed circulating supply.
Is MXNB safe?
As of Nov 8, 2026, Pharos grades MXNB C+ (64/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs MXNB?
Pharos records MXNB's reserves as of Sep 30, 2026 as 100% MXN reserve bank-account balances; banks not identified in the Q3 report. Reserve evidence: Independent Attestation, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can MXNB be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem MXNB?
Under the route Pharos reviewed on Apr 3, 2026, MXNB redeems for USDC and USDT; holder eligibility is not documented. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
