Crypto
Ripple News: Bitso Expands Partnership brings MXNB Stablecoin to XRP Ledger
Recent Ripple news suggested that Bitso and Ripple are expanding their long-standing payments partnership across Latin America.
29d ago 4,280
BLOCKINSIDERLoadingRecent Ripple news suggested that Bitso and Ripple are expanding their long-standing payments partnership across Latin America.
Quick Take:
Ripple has announced its partnership with Latin American fintech giant Bitso as both companies push to modernize cross-border payments.
The new expansion will bring Bitso's Mexican peso-backed stablecoin, MXNB, onto the XRP Ledger (XRPL), while also integrating it into Ripple's growing Payments on Decentralized Exchange (DEX) infrastructure.
For Bitso, it opens the door to bringing regulated peso liquidity directly onto the blockchain for institutional and enterprise payments.
While recent Ripple news may suggest otherwise, Bitso are not new partners. Meanwhile, these two companies have worked together for years to support payment flows across Latin America, including Mexican peso (MXN) and Colombian peso (COP) payout corridors. Their collaboration helped build blockchain-based payment infrastructure for businesses moving money across borders.
Now, both firms are expanding that relationship by introducing MXNB to the XRP Ledger ecosystem.
Under the new arrangement, MXNB will operate alongside Ripple USD (RLUSD), Ripple's enterprise-focused U.S. dollar stablecoin. Together, the two stablecoins will provide regulated liquidity in both U.S. dollars and Mexican pesos.
The goal is simple: make cross-border settlement faster, more efficient, and easier for businesses operating between the United States and Mexico.
The U.S. Mexico corridor is one of the most active cross-border payment routes in the world.
Every year, billions of dollars move between the two countries through remittances, business payments, and international trade. However, traditional settlement systems often involve multiple intermediaries, higher costs, and slower processing times.
By bringing both RLUSD and MXNB onto the XRP Ledger, Ripple and Bitso aim to create a more direct settlement process.
According to Ripple, the combination of dollar and peso liquidity on-chain could help enterprises move funds more efficiently while reducing friction in cross-border transactions.
A major part of the announcement involves XRPL's Permissioned DEX. Unlike public decentralized exchanges that are open to anyone, the Permissioned DEX is designed for regulated financial activity.
It allows verified institutions and approved counterparties to access blockchain-based liquidity while meeting compliance requirements.
MXNB will become part of that infrastructure, giving institutions access to regulated peso-denominated liquidity directly on-chain.
"Ripple and Bitso have spent years building payment infrastructure that operates at real-world scale across Latin America," said Silvio Pegado, Ripple's Managing Director for Latin America.
"By bringing together RLUSD and MXNB on the XRPL Permissioned DEX, we're helping create regulated, on-chain liquidity infrastructure purpose-built for enterprise cross-border payments."
Bitso believes locally regulated stablecoins will play a larger role in enterprise finance across the region.
According to Ben Reid, Head of Stablecoins at Bitso Business, MXNB was specifically designed for institutional payment and settlement needs rather than retail trading.
"MXNB was built from the ground up for enterprise settlement. Its integration into Ripple's Permissioned DEX infrastructure gives institutional counterparties access to peso-denominated liquidity on-chain with the compliance certainty and settlement efficiency that enterprise use cases require."
The announcement also builds on Bitso's existing relationship with Ripple. The company was previously one of the early exchange partners supporting RLUSD, helping extend access to regulated dollar liquidity throughout Latin America.
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