Ripple and Bitso Push MXNB Stablecoin Into XRPL Rails

TLDR:

• Ripple expands MXNB stablecoin settlement on the XRP Ledger.
• Bitso’s MXNB will work with RLUSD for dollar-peso liquidity.
• XRPL’s Permissioned DEX targets verified institutional users.
• The partnership focuses on enterprise payments across Latin America.

Ripple has expanded its payments partnership with Bitso by bringing the MXNB stablecoin to the XRP Ledger. The move adds a Mexican peso-backed asset to Ripple’s growing settlement infrastructure for enterprise payments. 

MXNB will be issued on XRPL and integrated into Ripple’s Payments on Decentralized Exchange infrastructure. It will also work alongside RLUSD, Ripple’s dollar-backed stablecoin, to support liquidity between the U.S. dollar and Mexican peso. 

Ripple expands MXNB stablecoin settlement on XRP Ledger

Ripple and Bitso have worked together for years across Latin American payment corridors. Their partnership has supported Mexican peso and Colombian peso payout flows.

The latest expansion adds a stablecoin layer to that existing network. Bitso’s MXNB stablecoin will now be issued on the XRP Ledger.

MXNB is backed by the Mexican peso and built for institutional settlement. The asset gives enterprise users access to peso-denominated liquidity onchain.

Ripple said the stablecoin will be connected to its Payments on DEX infrastructure. This system is designed to improve liquidity and settlement for regulated payment activity.

RLUSD will provide the dollar side of the corridor. MXNB will support the peso side, giving institutions a stablecoin pair for settlement.

The structure is aimed at payment providers, banks, and corporate treasuries. These groups often need faster settlement without losing compliance controls.

Bitso brings a strong regional base to the rollout. The company serves more than 10 million users across Latin America.

Bitso Business also processes large institutional payment flows. That gives MXNB a wider role beyond simple stablecoin issuance.

The XRP Ledger connection is important for Ripple’s regional strategy. It gives the network another fiat-backed asset tied to real payment use cases.

Ripple uses Permissioned DEX for regulated liquidity

Ripple is placing the MXNB rollout inside XRPL’s Permissioned DEX framework. This feature is built for verified counterparties and regulated financial activity.

The model differs from open DeFi trading. It allows approved institutions to access onchain liquidity within a controlled environment.

That matters for enterprise payments because counterparties need clear rules. They also need confidence around compliance, settlement, and liquidity access.

Silvio Pegado, Ripple’s managing director of LATAM, said the combination of RLUSD and MXNB creates regulated on-chain liquidity. He said the setup is built for enterprise cross-border payments.

Ben Reid, Head of Stablecoins at Bitso Business, said MXNB was designed for enterprise settlement. He said the integration gives institutions access to peso liquidity onchain.

The U.S.-Mexico corridor remains a major focus for payment companies. It handles large remittance and business payment flows each year.

Many of those payments still move through correspondent banking systems. These systems can create delays, extra costs, and liquidity gaps.

Ripple is using stablecoins to address those problems. RLUSD and MXNB can help move value between dollars and pesos through blockchain rails.

The development also arrives as payment firms study stablecoins more closely. Mastercard has recently expanded its stablecoin work across assets, including RLUSD.

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