Ripple Expands Latin America Payments With Bitso’s MXNB Stablecoin on XRP Ledger

TLDR

• Ripple and Bitso expanded their partnership by launching MXNB on the XRP Ledger.
• MXNB is a Mexican peso-backed stablecoin built for regulated payment settlement.
• MXNB and RLUSD will support enterprise payment flows between the U.S. and Mexico.
• MXNB will trade on the XRP Ledger Permissioned DEX for verified participants.
• Ripple’s AI Starter Kit supports agent-based payment apps using XRP and RLUSD.

Ripple has expanded its payments infrastructure in Latin America by bringing Bitso’s Mexican peso-backed stablecoin, MXNB, onto the XRP Ledger and integrating the asset into its enterprise payment network for regulated cross-border settlement between the United States and Mexico.

The June 11 announcement extends Ripple’s long-running partnership with Bitso, one of Latin America’s largest crypto and fintech companies. The arrangement places MXNB alongside Ripple USD, or RLUSD, as settlement assets within Ripple’s institutional payment infrastructure.

Ripple said the stablecoins will support liquidity and settlement for enterprise transactions involving U.S. dollars and Mexican pesos. The integration is designed to use blockchain-based settlement while keeping counterparties inside a compliance-focused environment built for verified institutional participants.

MXNB Joins XRPL Permissioned DEX

MXNB will operate on the XRP Ledger Permissioned DEX, a trading environment developed for approved participants that need regulated access to on-chain liquidity. Ripple said the setup will allow eligible counterparties to trade and settle using MXNB and RLUSD while working within permissioned rules.

The Permissioned DEX is part of a broader set of institutional upgrades introduced across the XRP Ledger ecosystem this year. Validators have approved network updates related to the permissioned trading environment, supporting tools that financial institutions can use for compliant asset exchange and settlement.

Ripple Managing Director for Latin America Silvio Pegado said the combination of RLUSD and MXNB on the XRPL Permissioned DEX helps create regulated on-chain liquidity infrastructure for enterprise cross-border payments. He said the system supports a new way for value to move between U.S. dollars and Mexican pesos.

The U.S.-Mexico payments corridor is one of the most active cross-border markets in the world, with demand from businesses, remittance providers, payment firms, and financial institutions. Ripple’s integration of a peso-backed stablecoin gives the company another settlement asset for Latin American payment flows.

Ripple Builds Stablecoin and AI Payment Stack

The MXNB launch comes as Ripple continues expanding RLUSD across payments, stablecoins, and machine-driven transaction use cases. Ripple has positioned RLUSD as a regulated dollar-backed stablecoin for enterprise settlement, treasury movement, and payment flows.

Ripple recently joined Water.org’s Get Blue campaign as the nonprofit’s exclusive digital asset and payments partner. Water.org plans to use RLUSD to move funds to microfinance partners in emerging markets, where local organizations provide affordable financing for household water and sanitation systems.

Ripple has also been included in Mastercard’s Agent Pay for Machines initiative, which involves more than 30 organizations, including Coinbase and the Solana Foundation. Mastercard said the platform is designed to allow autonomous software agents to conduct payments and settlements under user-defined spending limits and authorization rules.

Ripple introduced an AI Starter Kit for the XRP Ledger this week, giving developers tools to build agent-based payment applications. The XRP Ledger is also supported by the X402 protocol, which allows AI agents to transact using XRP and RLUSD.

Brad Garlinghouse, Ripple’s chief executive officer, recently said AI-agent payments remain an early area of experimentation and require safeguards before users connect agents to primary financial accounts. He said the company is preparing XRP Ledger infrastructure for future payment activity involving automated agents.

XRP Market Watches Support and Network Upgrade

Ripple’s latest Latin America expansion comes as XRP trades near the $1.10 psychological support level during a broader crypto market drawdown. Market participants are watching whether enterprise stablecoin activity, institutional inflows, and upcoming network upgrades can support longer-term utility demand.

The XRP Ledger is scheduled for its v3.2.0 upgrade on June 15, 2026. The update is expected to improve network efficiency and compatibility with institutional and banking use cases, although analysts have framed it more as a utility development than a short-term price catalyst.

Institutional XRP products have also remained in focus. Around 923 million XRP, equal to roughly 1% of total supply, is currently locked across seven U.S. spot XRP exchange-traded funds, according to the figures provided. Continuous net inflows into XRP-linked products have added another area of attention for investors tracking institutional exposure.

Ripple has also expanded its presence in Washington, D.C., as digital asset legislation remains active in Congress. The company has supported clearer U.S. crypto rules while continuing to grow payments, treasury, and stablecoin services across international markets.

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