- Ripple and Bitso add MXNB stablecoin to XRPL to support faster Latin America payments.
- MXNB and RLUSD integration aims to improve regulated cross-border settlement in U.S.–Mexico corridor.
- Institutions gain on-chain peso liquidity as Ripple expands its regulated payment infrastructure.
Ripple and Bitso are adding Bitso’s Mexican peso-backed stablecoin, MXNB, to the XRP Ledger as they expand their cross-border payments network in Latin America.
The integration will plug MXNB into Ripple’s Payments on DEX system, alongside RLUSD, its U.S. dollar-backed stablecoin. In a statement, the companies said the setup is aimed at making cross-border transfers faster and more efficient, especially along the U.S.–Mexico corridor, which handles a large share of regional remittances.
The move comes as more financial institutions explore regulated stablecoins for international payments, as they look for quicker settlement and lower costs compared with traditional banking systems.
Ripple and Bitso Deepen Regional Payments Strategy
Ripple and Bitso have worked together for years on payment corridors across Latin America. Their collaboration has supported payout flows involving Mexican pesos and Colombian pesos. However, the latest expansion moves beyond traditional payment rails and introduces localized stablecoin settlement infrastructure.
Silvio Pegado, Ripple’s Managing Director for Latin America, said the partnership reflects years of work between the two companies on payment infrastructure in the region.
“Ripple and Bitso have spent years building payment infrastructure that operates at scale across Latin America,” he said. He added that combining RLUSD and MXNB on the XRP Ledger’s permissioned DEX is intended to support regulated liquidity for cross-border payments.
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Focus Shifts Toward Institutional Infrastructure
Bitso said the new initiative is aimed at meeting institutional demand for regulated cross-border settlement tools.
Ben Reid, Head of Stablecoins at Bitso Business, said MXNB was designed for enterprise use in cross-border payments. “MXNB was built for enterprise settlement,” Reid said. “It is regulated, peso-native, and designed for the operational demands of institutional cross-border payments.”
The integration will allow institutions to access peso-denominated liquidity directly on-chain, enabling settlement through a system designed for regulated counterparties.
The announcement comes shortly after Ripple introduced the XRPL AI Starter Kit, a tool that enables AI agents to send and manage payments using XRP and RLUSD.
The company is continuously working on expanding its services for institutions in the XRP ledger ecosystem. Its new MXNB service marks another step in the company’s growth in regulated cross-border settlements, especially in Latin American markets.
Related: XRP Price Prediction: Ripple Launches AI Payment Rails as XRP ETFs Beat Bitcoin and Ethereum
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