Ripple announced on June 9 that Bitso's MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple's Payments on Decentralized Exchange infrastructure for enterprise settlement. The expansion targets the U.S.-Mexico corridor, where companies need dependable access to regulated peso and dollar liquidity. Cross-border payments are becoming a major test case for regulated stablecoins, and this infrastructure is designed to support faster settlement flows for institutions handling payments between the two markets.
Ripple Integrates MXNB on XRP Ledger's Permissioned DEX
Ripple stated that Bitso's regulated MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple's evolving Payments on Decentralized Exchange infrastructure. Together with RLUSD, Ripple's enterprise-grade USD stablecoin, MXNB will support more efficient liquidity and settlement flows for enterprise cross-border payments across the U.S.-Mexico corridor.
Silvio Pegado, Ripple's managing director for Latin America, said the addition of MXNB and RLUSD to XRPL's Permissioned DEX is intended to create regulated onchain liquidity infrastructure for enterprise payments between dollars and pesos. XRPL's Permissioned DEX gives the partnership its institutional focus. The system is designed for verified counterparties, allowing regulated financial participants to use onchain liquidity while operating within a more controlled settlement environment.
MXNB provides Bitso with a peso-native stablecoin built for enterprise settlement needs. RLUSD provides Ripple with a dollar-denominated asset designed to support institutional cross-border payments.
Bitso Brings 10 Million Users and 2,000 Institutional Clients to Integration
Bitso brings scale to the integration through more than 10 million users and over 2,000 institutional clients. The company operates across Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe.
Ben Reid, head of stablecoins at Bitso Business, described MXNB as regulated, peso-native, and built for institutional cross-border payment demands. His comments place the stablecoin within treasury, liquidity, and settlement operations for financial counterparties.
The expansion aligns with Ripple's broader strategy of connecting traditional payment infrastructure with digital asset liquidity. Ripple and Bitso are using the XRP Ledger to build enterprise settlement infrastructure for one of Latin America's most active cross-border payment markets.
FAQ
What did Ripple announce on June 9?
Ripple announced that Bitso's MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple's Payments on Decentralized Exchange infrastructure for enterprise settlement in the U.S.-Mexico corridor.
Why are Ripple and Bitso using MXNB and RLUSD together?
MXNB and RLUSD are intended to support more efficient liquidity and settlement flows for enterprise cross-border payments between dollars and pesos, providing regulated onchain liquidity infrastructure for verified financial counterparties.
How many users and institutional clients does Bitso serve?
Bitso serves more than 10 million users and over 2,000 institutional clients across Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe.
