Ripple and Bitso Join Forces

Ripple and Bitso are expanding the use of stablecoins for settlements conducted through the XRP Ledger. The payment infrastructure developed by Ripple for institutional clients will now support MXNB and RLUSD, further strengthening cross-border payment capabilities.

The initiative focuses on the U.S.–Mexico payment corridor, where businesses require reliable access to liquidity in both U.S. dollars and Mexican pesos. The goal is to streamline cross-border settlements and improve access to regulated liquidity for financial institutions.

Ripple announced that MXNB, a Mexican peso-backed stablecoin developed by Bitso, will be issued on the XRP Ledger. The asset will also be integrated into Ripple’s Payments on Decentralized Exchange infrastructure, which is designed to support enterprise-grade settlements.

MXNB will operate alongside RLUSD, Ripple’s U.S. dollar-backed stablecoin. Together, the two assets are expected to accelerate liquidity flows and simplify settlements between payment providers operating across the U.S. and Mexico.

According to Silvio Pegado, Managing Director of Ripple for Latin America, the combination of MXNB and RLUSD within the XRPL Permissioned DEX will create a regulated on-chain liquidity infrastructure for institutional payments between the dollar and the peso.

The Permissioned DEX on XRP Ledger was specifically designed for verified market participants. This allows regulated financial institutions to access blockchain-based liquidity within a more controlled and compliant settlement environment.

MXNB is intended to serve as a peso-denominated stablecoin tailored for enterprise settlements, while RLUSD provides exposure to the U.S. dollar and supports institutional cross-border payment flows.

Bitso brings significant scale to the partnership. The company serves more than 10 million users and over 2,000 institutional clients. Its operations span Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe.

Representatives of both companies believe the collaboration will improve value transfers between the U.S. dollar and the Mexican peso while driving broader stablecoin adoption in one of Latin America's most active cross-border payments markets.