Bitso Brings Peso-Backed Stablecoin to XRP Ledger in Ripple Partnership for US-Mexico Payments
Bitso has deployed its Mexican peso-backed stablecoin MXNB onto the XRP Ledger through a partnership with Ripple. The integration pairs MXNB with RLUSD to support institutional payment corridors between the United States and Mexico, reflecting broader stablecoin adoption momentum across Latin America.
Bitso, a major Latin American crypto exchange, has brought its peso-backed stablecoin MXNB to the XRP Ledger as part of a formal partnership with Ripple. The move connects two stablecoins on the same ledger: MXNB, pegged to the Mexican peso, and RLUSD, Ripple's US dollar-backed stablecoin.
The pairing is specifically designed to serve institutional payment flows between the United States and Mexico, one of the world's highest-volume remittance corridors. By settling both sides of the currency pair natively on the XRP Ledger, the arrangement aims to reduce friction and counterparty risk in cross-border transfers.
The development comes as stablecoin adoption accelerates across Latin America, where currency volatility and limited banking infrastructure have made digital dollar and peso instruments increasingly attractive to institutions and consumers alike.
For the XRP Ledger, the integration adds a significant new use case and liquidity source, reinforcing Ripple's stated strategy of building out the ledger as infrastructure for global payments rather than as a speculative asset platform.
Key facts
- •Bitso deployed MXNB (Mexican peso-backed stablecoin) to the XRP Ledger
- •The deployment is part of a formal Ripple partnership
- •MXNB is paired with Ripple's RLUSD on the XRP Ledger
- •The pairing targets institutional US-Mexico payment corridors
- •The move reflects broader stablecoin adoption growth across Latin America