Ripple has announced an expanded partnership with Bitso, strengthening their efforts to enhance payments via DLT / blockchain technology. The collaboration focuses on integrating Bitso’s MXN-backed stablecoin, known as MXNB, into the XRP Ledger’s (XRPL) permissioned decentralized exchange (DEX) framework. This development aims to enhance liquidity and settlement options for institutional players, particularly along the high-volume US-Mexico corridor.
The initiative now reportedly builds on years of joint work between the two companies in supporting payment flows across Latin America, such as those involving Mexican pesos (MXN) and Colombian pesos (COP).
By issuing MXNB on the XRPL and pairing it with Ripple’s own RLUSD USD stablecoin, the partners seek to create smoother, more efficient pathways for enterprise-level transactions.
This setup leverages on-chain tools tailored for regulated environments, allowing verified participants to access liquidity while maintaining strong compliance standards.
The US-Mexico remittance and trade corridor ranks among the world’s busiest, making it a prime target for innovation. Traditional systems often involve delays, high costs, and the need for pre-funding accounts.
The new integration now aims to address these pain points by enabling faster settlements and better capital efficiency through localized stablecoin infrastructure.
MXNB, designed specifically for institutional needs, will now provide peso-denominated on-chain liquidity, complementing RLUSD for seamless dollar-to-peso conversions in a controlled, enterprise-ready setting.
Silvio Pegado, Ripple’s Managing Director for Latin America, highlighted the strategic importance of the move.
He noted that the companies have long collaborated on scalable payment solutions across the region.
Bringing RLUSD and MXNB together on the XRPL’s permissioned DEX creates purpose-built infrastructure for regulated, on-chain liquidity.
This represents an evolution in moving value between major currencies like the dollar and the peso, tailored for real-world business demands.
From Bitso’s perspective, the expansion underscores MXNB’s role as a compliant, peso-native asset optimized for cross-border operations.
Ben Reid, Head of Stablecoins at Bitso Business, emphasized that the stablecoin was developed with institutional settlement in mind.
Its placement within Ripple’s DEX infrastructure offers counterparties reliable access to on-chain peso liquidity, backed by regulatory assurances and operational speed that large-scale users require.
This partnership aligns with broader trends in blending conventional payment rails with digital asset capabilities.
It prioritizes practicality for banks, payment firms, and enterprises seeking transparency, lower costs, and faster processing.
Bitso has also served as an early supporter for RLUSD, further extending regulated dollar liquidity options throughout US-Latin America routes.
Bitso stands as Latin America’s digital financial services provider, catering to millions of retail users and thousands of institutional clients across multiple countries.
Through its network of specialized entities, it facilitates everything from digital asset trading to large-scale payment processing.
Ripple, meanwhile, continues to position the XRPL as a decentralized network connecting participants worldwide for efficient global finance solutions.
The alliance signals seemingly positive momentum for stablecoin adoption in enterprise payments. By effectively combining regional expertise with advanced blockchain tools, Ripple and Bitso are paving the way for inclusive and efficient financial flows in one of the most active markets globally.
