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Ripple and Bitso Put Mexican Peso Stablecoin MXNB on the XRP Ledger

The move creates a regulated on‑chain dollar–peso settlement option for verified institutions, potentially cutting fees, reducing delays, simplifying compliance.

Ripple and bitso expand stablecoin settlement on xrp ledger

Overview

  • The companies announced the integration on Thursday, June 11, confirming Bitso will issue its MXN‑backed stablecoin MXNB natively on the XRP Ledger and list it in Ripple’s Payments on Decentralized Exchange.
  • MXNB will trade on XRPL’s Permissioned DEX, a controlled on‑chain market for verified counterparties that is designed to let institutions access liquidity while meeting KYC and AML requirements.
  • Ripple’s RLUSD will be paired with MXNB to create a regulated USD–MXN settlement corridor that lets enterprises move dollars and pesos on‑chain without using volatile crypto or traditional correspondent rails.
  • The launch is timed with recent XRPL institutional upgrades and developer tools, and comes before a scheduled XRPL v3.2.0 network upgrade intended to improve compatibility for enterprise payment use cases.
  • Bitso brings regional scale and licenses to the rollout, with its Bitso Business unit positioned to distribute MXNB to payment providers, corporates, and remittance operators that need fast, compliant peso liquidity.