Ripple announced the expansion of its partnership with Bitso, introducing Bitso’s MXNB stablecoin on the XRP Ledger (XRPL) and embedding it within Ripple’s payment network.
Integration of MXNB and RLUSD
Ripple and Bitso will deploy MXNB alongside RLUSD to boost liquidity and streamline settlement for cross‑border transactions between the United States and Mexico. The dual‑stablecoin approach aims to reduce friction for investors and corporate users who move funds across the border.
Extended Latin America Collaboration
Both firms have maintained a multi‑year relationship that supports payment corridors for the Mexican and Colombian pesos. The latest upgrade builds on that foundation, reinforcing Ripple’s blockchain‑based solutions for regional banks and fintechs.
Permissioned DEX Listing
MXNB will be listed on XRPL’s Permissioned DEX, a regulated decentralized exchange that permits vetted participants to tap on‑chain liquidity. The platform complies with compliance standards while delivering crypto settlement services to institutional investors.