Bitso's MXNB Stablecoin Checks Into XRP Ledger's Permissioned DEX, Room Key: Ripple

Ripple is expanding its cross-border payments footprint in Latin America through a new collaboration with Bitso, under which Bitso's MXN-backed stablecoin MXNB will be issued on the XRP Ledger (XRPL) and integrated into Ripple's payment infrastructure. The companies announced the partnership in a press release, extending an existing payments relationship into stablecoin issuance and onchain settlement.

As part of the arrangement, Bitso will issue MXNB on the XRPL, and Ripple will incorporate the stablecoin into its Payments on Decentralized Exchange (DEX) infrastructure. The firms stated that MXNB, together with Ripple's RLUSD stablecoin, will support liquidity and settlement flows for enterprise cross-border payments between the United States and Mexico.

Ripple said the integration of MXNB into the XRPL permissioned DEX is designed to enable verified counterparties to access onchain liquidity and settlement infrastructure within a compliance-focused environment. The permissioned DEX was among the privacy features Ripple and XRPL developers introduced earlier this year to support institutional decentralized finance activity on the network.

The collaboration builds on Ripple's broader Latin American expansion strategy, which has previously included partnerships with regional financial institutions and fintech firms. Bitso, one of the largest crypto platforms in Mexico, has been a longstanding Ripple partner for cross-border payments in the region.

Financial terms of the agreement, including the expected MXNB issuance volume and the timeline for full integration, were not disclosed in the announcement. The companies did not provide additional comment beyond the press release.