Ripple Brings Mexico-Backed Stablecoin to XRP Ledger

Ripple has expanded its payments infrastructure in Latin America by introducing Bitso's Mexican peso-backed stablecoin, MXNB, onto the XRP Ledger and integrating it into its enterprise payment network for regulated cross-border settlement between the US and Mexico.

The move extends Ripple's partnership with Bitso, a leading crypto and fintech company in Latin America. The integration of MXNB alongside RLUSD will support liquidity and settlement for enterprise transactions involving US dollars and Mexican pesos.

MXNB will operate on the XRP Ledger Permissioned DEX, allowing eligible counterparties to trade and settle using the stablecoin while working within permissioned rules. Ripple's Managing Director for Latin America, Silvio Pegado, said this setup creates regulated on-chain liquidity infrastructure for enterprise cross-border payments.

The U.S.-Mexico payments corridor is one of the most active cross-border markets in the world, with demand from businesses, remittance providers, payment firms, and financial institutions. Ripple's integration of a peso-backed stablecoin gives it another settlement asset for Latin American payment flows.