Ripple and Bitso announced that Bitso’s regulated MXN‑backed stablecoin, MXNB, will be issued on the XRP Ledger (XRPL) and integrated into Ripple’s Payments on Decentralized Exchange (DEX) infrastructure. The move adds MXNB to Ripple’s existing enterprise‑grade USD stablecoin, RLUSD, and aims to improve liquidity and settlement efficiency for cross‑border payments along the U.S.–Mexico corridor, a key remittance market in Latin America. By bringing a peso‑denominated digital asset onto a permissioned, on‑chain liquidity pool, the partnership seeks to give enterprises a faster, more transparent alternative to traditional correspondent‑bank channels while preserving the regulatory safeguards required for large‑scale financial flows.
Ripple and Bitso Expand Stablecoin Offering on XRPL
The partnership, which has existed for several years supporting MXN and COP payout flows, now extends to the XRPL. MXNB will be minted on the XRPL and made available through Ripple’s evolving Payments on DEX platform. According to Silvio Pegado, Ripple’s Managing Director of LATAM, the combined presence of RLUSD and MXNB on the XRPL Permissioned DEX “creates regulated, on‑chain liquidity infrastructure purpose‑built for enterprise cross‑border payments.” The announcement positions MXNB as a “regulated, peso‑native” instrument designed for institutional settlement, per Ben Reid, Head of Stablecoins at Bitso Business. Both executives stress that the integration is not merely a technical upgrade but a strategic step toward a more resilient payments ecosystem: RLUSD already provides dollar‑denominated liquidity, and MXNB now supplies the same level of compliance‑focused, on‑chain access to Mexican pesos, enabling firms to settle in the currency that matches their commercial exposure without relying on legacy FX conversion pipelines.
XRPL Permissioned DEX Enables Regulated Liquidity
XRPL’s Permissioned DEX is built to support regulated financial activity by allowing verified counterparties to access on‑chain liquidity in a compliant environment. The integration means that institutional participants can obtain peso‑denominated liquidity directly on the ledger, with “compliance certainty and settlement efficiency” as highlighted by Bitso. Ripple’s broader strategy, as described in the release, is to connect traditional payment infrastructure with digital‑asset liquidity in ways that are operationally practical for financial institutions and enterprise payment providers. By requiring verification of participants, the Permissioned DEX ensures that only authorized entities can trade or settle, thereby aligning on‑chain activity with existing AML/KYC frameworks and reducing the risk of illicit use.
Implications for Enterprise Cross‑Border Payments
For enterprises operating across the U.S.–Mexico corridor, the expanded stablecoin offering provides a new on‑chain option for moving value between dollars and pesos. By leveraging the Permissioned DEX, firms can potentially reduce reliance on legacy correspondent banking channels while maintaining regulatory oversight. The announcement also notes that Bitso was an early exchange partner for Ripple’s USD stablecoin, RLUSD, extending regulated dollar‑denominated liquidity across U.S.–LATAM corridors. This dual‑stablecoin model gives businesses the flexibility to choose the most cost‑effective path for each transaction—settling in MXNB when the destination is Mexico and in RLUSD when the flow remains dollar‑centric—while still benefiting from the speed and transparency of blockchain settlement.
Key Takeaways
- MXNB, Bitso’s regulated MXN‑backed stablecoin, will be issued on the XRP Ledger and integrated into Ripple’s Payments on DEX infrastructure.
- The XRPL Permissioned DEX will host both MXNB and RLUSD, enabling verified counterparties to access on‑chain peso and dollar liquidity in a compliant setting.
- Ripple and Bitso frame the expansion as a step toward more efficient enterprise settlement for cross‑border payments along the U.S.–Mexico corridor.
TechInsyte's Take
The integration adds a peso‑denominated stablecoin to Ripple’s on‑chain liquidity pool, giving enterprises a regulated alternative for U.S.–Mexico payments. However, adoption will depend on how quickly institutional players can meet the verification requirements of the Permissioned DEX and on the broader regulatory environment for stablecoins in the region. Decision‑makers should monitor onboarding processes and any forthcoming guidance from local regulators.
Source: Businesswire
