Ripple and Bitso Unleash MXNB on XRPL to Transform a $65B U.S.-Mexico Payments Corridor

Key Takeaways:

• Ripple is strengthening its collaboration with Bitso by launching the first regulated stablecoin on the XRP Ledger, MXNB, backed by the Mexican peso.
• For enterprise settlements, MXNB and RLUSD will be offering regulated liquidity in MXN and USD on XRPL’s Permissioned DEX.
• The transfer promotes Ripple’s bid to become a key component of the actual world cross-border payments in Latin America, driven by stablecoins.

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Ripple is further strengthening its relationship with Bitso, the country’s biggest payments provider, via its payments system with a significant improvement on an existing partnership that has lasted a long time.

MXNB, Bitso’s regulated stablecoin bringing the Mexican peso to the blockchain, will be launched on the XRP Ledger (XRPL), while Ripple’s enterprise-centric Payments on DEX infrastructure will incorporate MXNB.

Expansion focuses on one of the world’s top cross-border payment corridors – value sent between the United States and Mexico.

Read More: Ripple RLUSD Powers Bitso’s XRP Payments, Unlocking Near-Instant US-LATAM Flows

For years, Ripple and Bitso have worked together to support payment infrastructure across key Latin American markets. The latest phase of the partnership introduces a new stablecoin settlement layer designed specifically for enterprise use cases.

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

The collaboration brings a regulated environment for exchanges to access liquidity in the peso and dollar denominations to MXNB, with the addition of Ripple USD (RLUSD) to XRPL’s Permissioned DEX ecosystem for institutions to transact with exchanges in a regulated manner.

The integration provides enterprises with a new facilitator to undertake transactions between USD and MXN, not depending exclusively on the traditional banking rails. Rather, companies can achieve liquidity on the chain, while running in an environment built for a verified counterparty and regulated financial activity.

According to Ripple, the objective is not speculative trading but improving the movement of real-world payments between businesses and financial institutions.

The launch also highlights the growing role of XRPL’s Permissioned DEX infrastructure.

The Permissioned DEX is for institutions that need more compliance and verified participation requirements, while open decentralized exchanges are focused more on retail users.

This structure allows users to get USD and MXN denominated liquidity directly onchain and keep up to the enterprise liquidity needs. In the case of payment providers with high transaction volumes, minimizing settlement friction can enhance transaction speed, efficiency, and liquidity management.

It is a reflection of the fact that the industry is moving toward more localized crypto-stablecoins that are better equipped to serve the local payment needs, as opposed to just being dollar-backed.

Ripple’s announcement follows with the company maintaining its plans to use stablecoins as part of its enterprise payments initiative.

RLUSD is already embedded in numerous programs targeting institutional settlement and ‘life of finance’. With MXNB, Ripple brings in its approach in Latin America’s biggest remittance and cross-border payment market.

Read More: Ripple’s RLUSD Goes Multichain on 40+ Networks, Expanding Access to USD Liquidity

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