Ripple Expands Cross-Border Payments With MXNB Stablecoin Launch on XRP Ledger

Crypto firm Ripple has announced a new collaboration with Latin American fintech company Bitso. As part of the collaboration, Bitso will issue its MXN-backed stablecoin, MXNB, on the XRP Ledger (XRPL) while Ripple will integrate it into its payment infrastructure as it expands its services across Latin America.

Ripple Expands Across LATAM With MXNB Launch On XRP Ledger

In a press release, the crypto firm announced that it is expanding its payments partnership with Bitso with the new collaboration involving the issuance of Bitso’s regulated MXN-backed stablecoin on the XRP Ledger. The firm will also integrate the MXNB stablecoin into its Payments on Decentralized Exchange (DEX) infrastructure.

Ripple also stated that together with its RLUSD stablecoin, the MXNB will support efficient liquidity and settlement flows for enterprise cross-border payments across the U.S.-Mexico corridor. The firm noted that MXNB’s integration to the XRPL permissioned DEX will support regulated financial activity by enabling verified counterparties to access onchain liquidity and settlement infrastructure in a compliance-focused environment.

Notably, the permissioned DEX was among the privacy features Ripple and XRPL developers rolled out earlier this year to boost institutional DeFi on the network. The firm and validators also recently approved critical XRPL upgrades related to the permissioned DEX.

Meanwhile, commenting on the partnership, Ripple’s Managing Director of LATAM, Silvio Pegado, remarked that combining RLUSD and MXNB on the XRPL Permissioned DEX helps create a regulated, on-chain liquidity infrastructure purpose-built for enterprise cross-border payments. “This is the next evolution of how value moves between dollars and pesos,” he added.

XRPL DEX: The Place For Institutional Trading And Liquidity

In an X post, XRP Ledger Validator Vet described the XRPL DEX as the place for institutional trading and liquidity while commenting on the Ripple partnership. He also welcomed the partnership, seeing as the Mexican Peso will debut on the network and trade alongside the RLUSD stablecoin.

The XRPL also continues to see greater adoption in payments and tokenisation. As CoinGape reported, Mastercard has launched 24/ settlement using the RLUSD stablecoin on the XRP Ledger, while Mastercard also recently partnered with Ripple to launch a new payment network for AI agents using stablecoins.

Meanwhile, Ripple unveiled an AI Starter kit yesterday for developers looking to build agentic payment infrastructure on the XRP Ledger. The firm also announced that XRPL is now a supported chain in the X402 protocol, enabling AI agents to transact with XRP and RLUSD.