Ripple has expanded its partnership with Latin American fintech company Bitso by launching MXNB, a stablecoin backed by the Mexican peso and running on the XRP Ledger (XRPL). Ripple also plans to add MXNB to its payment system to improve cross-border payments in Latin America.
The partnership aims to make payments between the United States and Mexico faster and more efficient, since this is one of the busiest remittance routes in the world. MXNB will be used alongside Ripple’s RLUSD stablecoin to support large-scale payment transactions.
A key part of the initiative is the XRP Ledger’s permissioned decentralized exchange (DEX), which gives regulated institutions access to compliant on-chain liquidity and settlement services. The infrastructure was recently improved with upgrades focused on institutional decentralized finance applications.
Ripple says that using MXNB and RLUSD together on the permissioned DEX creates a regulated way to move value between dollars and pesos more efficiently. The company believes this approach could help modernize cross-border payments while meeting regulatory requirements.
This announcement comes as Ripple continues to expand its enterprise blockchain offerings. Recent developments include AI-focused payment tools, stablecoin settlement partnerships, and wider support for machine-to-machine transactions.
The launch further strengthens XRPL’s position as a platform for tokenized assets and institutional payment infrastructure, areas where Ripple has invested heavily in recent years.
Ripple and @Bitso are expanding their long-standing payments partnership.
Bitso’s regulated MXN-backed stablecoin, MXNB, will be issued on XRPL and integrated into Ripple’s Payments on DEX infrastructure, supporting enterprise stablecoin settlement across Latin America.…
— Ripple (@Ripple) June 11, 2026
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