Ripple is integrating MXNB, a Mexican peso-backed stablecoin, into its payments infrastructure to improve enterprise settlement efficiency and liquidity management across one of the world’s largest payment corridors, connecting the U.S. and Mexico.
Ripple, a leading provider of enterprise blockchain infrastructure, and Latin American crypto exchange Bitso announced an expansion of their long-standing partnership. Under the next phase of the collaboration, MXNB, a Mexican peso-backed stablecoin, will be issued on the XRP Ledger (XRPL) and integrated into Ripple’s infrastructure for enterprise cross-border payments.
Ripple and Bitso have worked together for several years to develop payment infrastructure across Latin America, including payout services in Mexican and Colombian pesos. Bitso was also among the first exchange partners to support RLUSD, helping expand access to regulated U.S. dollar liquidity for cross-border payments between the U.S. and countries across the region.
MXNB will be available within the XRPL ecosystem through the Permissioned DEX, a specialized decentralized marketplace designed for regulated financial activity. The platform gives verified counterparties access to on-chain liquidity and settlement infrastructure while maintaining compliance standards. Among other use cases, MXNB will be available alongside Ripple USD (RLUSD).
According to Silvio Pegado, Ripple’s Managing Director for LATAM, combining RLUSD and MXNB within the Permissioned DEX will help create regulated liquidity infrastructure for enterprise cross-border payments and streamline value transfers involving U.S. dollars and Mexican pesos.
Ben Reid, Head of Stablecoins at Bitso Business, said MXNB was built specifically for enterprise settlement. Integration with Ripple’s infrastructure will give institutional clients access to on-chain liquidity denominated directly in Mexican pesos while maintaining regulatory compliance and improving settlement efficiency.
The initiative aligns with Ripple’s broader strategy of connecting traditional payment infrastructure with digital asset liquidity for financial institutions and payment service providers. The company is also working to position the XRP Ledger as a key platform for real-world asset tokenization and expand the use of RLUSD among institutional participants. In addition, Ripple recently upgraded its Ripple Treasury platform by embedding digital asset capabilities directly into corporate treasury management workflows.
