Ripple and Bitso Expand Stablecoin Settlement on XRP Ledger

Ripple and Bitso are expanding stablecoin settlement on the XRP Ledger, bringing MXNB and RLUSD into Ripple’s enterprise payments infrastructure. The effort focuses on the U.S.-Mexico corridor and aims to support regulated dollar-peso liquidity for institutions.

Key Takeaways:

• • Ripple and Bitso are using MXNB alongside RLUSD for cross-border settlement.
• • The infrastructure is designed to improve access to regulated peso and dollar liquidity.
• • XRP Ledger infrastructure may deepen stablecoin use across Latin American payment corridors.

XRP Ledger Deal Pushes Stablecoins Deeper Into US-Mexico Settlement

Cross-border payments are becoming a major test case for regulated stablecoins. Ripple said on June 9 that Bitso’s MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger and connected to Ripple’s Payments on Decentralized Exchange infrastructure for enterprise settlement.

The expansion targets the U.S.-Mexico corridor, where companies need dependable access to peso and dollar liquidity. Ripple’s RLUSD stablecoin and Bitso’s MXNB are intended to support faster settlement flows for institutions handling cross-border payments between the two markets.

Ripple said:

“As part of the collaboration, Bitso’s regulated MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger (XRPL) and integrated into Ripple’s evolving Payments on Decentralized Exchange ( DEX) infrastructure.”

“Together with RLUSD, Ripple’s enterprise-grade USD stablecoin, MXNB will support more efficient liquidity and settlement flows for enterprise cross-border payments across the U.S.–Mexico corridor,” the crypto firm added.

Silvio Pegado, Ripple’s managing director for Latin America, said the addition of MXNB and RLUSD to XRPL’s Permissioned DEX is intended to create regulated onchain liquidity infrastructure for enterprise payments between dollars and pesos.

XRPL’s Permissioned DEX gives the partnership its institutional focus. The system is designed for verified counterparties, allowing regulated financial participants to use onchain liquidity while operating within a more controlled settlement environment.

MXNB and RLUSD Create a New Dollar-Peso Liquidity Path

MXNB provides Bitso with a peso-native stablecoin built for enterprise settlement needs. RLUSD provides Ripple with a dollar-denominated asset designed to support institutional cross-border payments.

Bitso brings scale to the integration through more than 10 million users and over 2,000 institutional clients. The company operates across Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe.

Pegado noted:

“By bringing together RLUSD and MXNB on the XRPL Permissioned DEX, we’re helping create regulated, onchain liquidity infrastructure purpose-built for enterprise cross-border payments. This is the next evolution of how value moves between dollars and pesos.”

Ben Reid, head of stablecoins at Bitso Business, described MXNB as regulated, peso-native, and built for institutional cross-border payment demands. His comments place the stablecoin within treasury, liquidity, and settlement operations for financial counterparties.

The expansion aligns with Ripple’s broader strategy of connecting traditional payment infrastructure with digital asset liquidity. Ripple and Bitso are using the XRP Ledger to build enterprise settlement infrastructure for one of Latin America’s most active cross-border payment markets.