Ripple expanded its partnership with Bitso to integrate MXNB, a regulated Mexican peso-backed stablecoin, onto the XRP Ledger. The integration targets the US-Mexico remittance corridor through Ripple's Payments on DEX infrastructure. The US-Mexico payment corridor processes tens of billions of dollars annually, with traditional cross-border transfers often involving multiple intermediaries and settlement delays spanning several days.
Ripple and Bitso Expand Partnership to XRP Ledger
Under the expanded arrangement, Bitso's regulated stablecoin MXNB will be issued on the XRP Ledger and integrated into Ripple's Payments on DEX infrastructure. The stablecoin will operate alongside RLUSD, Ripple's U.S. dollar-backed stablecoin. Together, the two assets will provide regulated dollar and peso liquidity for enterprise payment flows across the U.S.-Mexico corridor. Ripple and Bitso have supported payment infrastructure across several Latin American markets, and this integration moves the partnership into on-chain settlement infrastructure.
XRPL Permissioned DEX Requires Verified Participants
XRPL's Permissioned DEX is designed for regulated financial institutions. Only verified and approved participants can access the platform's liquidity pools, while users benefit from blockchain-based settlement speeds and transparency. This approach allows institutions to access on-chain liquidity without sacrificing compliance requirements. According to Ripple, businesses will be able to settle transactions between RLUSD and MXNB directly on-chain in seconds, rather than relying on multiple intermediaries and correspondent banks.
US-Mexico Corridor Processes Billions in Annual Remittances
The U.S.-Mexico payment corridor processes tens of billions of dollars every year. Traditional cross-border transfers often involve several financial institutions, multiple settlement layers, and added costs. These processes can take days to complete. "By bringing together RLUSD and MXNB on the XRPL Permissioned DEX, we're helping create regulated, on-chain liquidity infrastructure purpose-built for enterprise cross-border payments," said Silvio Pegado, Ripple's Managing Director of LATAM. Bitso emphasized the importance of regulated peso liquidity for institutional payment providers operating across the region.
Enterprise Integration Creates Development Opportunities
The launch demonstrates how blockchain infrastructure is being used for financial operations rather than purely speculative trading. For developers, the expansion creates opportunities to build payment and liquidity solutions on top of XRPL's infrastructure. For investors, the development highlights Ripple's strategy of targeting real-world financial use cases. As regulated assets and payment flows move onto blockchain networks, market participants see this as a driver of long-term adoption.
XRP Price Trades at $1.14
XRP price was trading around $1.14, up roughly 3.8% over the past week. The market reaction has remained relatively muted. The announcement adds another component to Ripple's enterprise payments strategy.
FAQ
What did Ripple and Bitso announce regarding MXNB?
Ripple expanded its partnership with Bitso to integrate MXNB, a regulated Mexican peso-backed stablecoin, onto the XRP Ledger through Ripple's Payments on DEX infrastructure. MXNB will operate alongside RLUSD to provide regulated dollar and peso liquidity for enterprise payment flows across the U.S.-Mexico corridor.
How does the XRPL Permissioned DEX differ from traditional exchanges?
XRPL's Permissioned DEX requires verified and approved participants to access liquidity pools, maintaining compliance requirements while offering blockchain-based settlement speeds. Businesses can settle transactions between RLUSD and MXNB directly on-chain in seconds, rather than relying on multiple intermediaries and correspondent banks.
