TLDR
- Ripple and Bitso expanded their partnership to support enterprise stablecoin settlement across Latin America’s payment corridors.
- Bitso’s MXNB stablecoin will be issued on the XRP Ledger for regulated peso liquidity.
- MXNB and RLUSD will support cross-border settlement between U.S. dollars and Mexican pesos.
- Ripple’s Permissioned DEX infrastructure is designed for verified counterparties and compliance-focused onchain settlement.
- Bitso said MXNB was created for institutional payment flows and enterprise settlement requirements.
Ripple and Bitso have expanded their long-running payments partnership to support enterprise stablecoin settlement in Latin America, with a focus on the U.S.-Mexico payment corridor. The companies said Bitso’s Mexican peso-backed stablecoin, MXNB, will be issued on the XRP Ledger and integrated into Ripple’s Payments on Decentralized Exchange infrastructure.
The collaboration connects MXNB with Ripple USD, known as RLUSD, to support liquidity and settlement flows for institutional cross-border payments. Ripple said the arrangement is intended to give enterprise payment providers access to peso-denominated liquidity onchain while using infrastructure designed for regulated financial activity.
MXNB Moves to the XRP Ledger
Bitso’s MXNB stablecoin will be issued on the XRP Ledger, which Ripple uses for enterprise blockchain payment and settlement services. The companies said the move builds on their existing relationship across Latin American payment corridors, including Mexican peso and Colombian peso payout flows.
The integration will take place through XRPL’s Permissioned DEX, a decentralized exchange framework designed for verified market participants. Ripple said the structure is intended to support compliance-focused access to onchain liquidity and settlement for regulated institutions.
The U.S.-Mexico corridor remains one of the most active cross-border payment routes, particularly for remittances and business transfers. By placing MXNB on XRPL, Bitso and Ripple are seeking to support payment flows that require local currency liquidity and faster settlement between counterparties.
Ripple and Bitso Target Enterprise Payments
Ripple’s Latin America Managing Director, Silvio Pegado, said the companies have spent years building payment infrastructure that operates at scale across the region. He said combining RLUSD and MXNB on the XRPL Permissioned DEX creates regulated onchain liquidity infrastructure for enterprise cross-border payments.
Bitso Business said MXNB was developed for institutional settlement and designed around operational requirements in cross-border payment activity. Ben Reid, Head of Stablecoins at Bitso Business, said the integration gives institutional counterparties access to peso-denominated liquidity with compliance certainty and settlement efficiency.
Ripple said the partnership fits its wider strategy of connecting traditional payment infrastructure with digital asset liquidity. The company has continued to position stablecoins and blockchain settlement tools as services for banks, payment providers, exchanges, and corporate treasury operations.
Latin America Settlement Strategy Expands
Bitso has been a long-term Ripple partner in Latin America and was also an early exchange partner for RLUSD. The companies said that role helped extend access to regulated dollar-denominated liquidity for institutional payment flows across U.S.-Latin America corridors.
Bitso describes itself as a digital financial services company serving more than 10 million users across the region. Its business unit, Bitso Business, says it supports more than 2,000 institutional clients and processes over $82 billion in annualized total payment volume.
The new XRPL integration places MXNB within a growing category of locally native stablecoin infrastructure aimed at payment and settlement use cases. Ripple and Bitso said the arrangement is designed for enterprise counterparties that need local currency access, digital settlement rails, and regulated infrastructure across Latin American markets.
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