Bitso brings peso-backed MXNB stablecoin to XRP Ledger via Ripple partnership
Summary
Bitso is expanding its partnership with Ripple by issuing its Mexican peso-backed MXNB stablecoin on the XRP Ledger. MXNB will be used with Ripple USD (RLUSD) to support enterprise cross-border settlement between the U.S. and Mexico through Ripple’s Payments on DEX and the XRP Ledger’s Permissioned DEX for verified participants. The move targets the world’s largest remittance corridor and growing U.S.-Mexico trade. It follows years of collaboration between the companies and reflects wider stablecoin adoption in Latin America, where Bitso operates. Stablecoin-based payment infrastructure is also being expanded by other firms as businesses seek cheaper, faster cross-border transfers.
