Bitso to Issue MXNB on XRP Ledger, Expanding Settlement Options for U.S.–Mexico Payments

Bitso is bringing its regulated peso-backed stablecoin, MXNB, directly onto the XRP Ledger (XRPL), deepening its long-running partnership with Ripple and sharpening the focus on the U.S.–Mexico payments corridor. Under the new setup, MXNB will be issued natively on XRPL rather than remaining confined to an exchange environment. It will also connect with Ripple's Payments-on-DEX infrastructure. Alongside Ripple's RLUSD stablecoin, the integration is designed to provide a more direct on-chain settlement route between U.S. dollars and Mexican pesos for institutional payment flows. Ripple and Bitso already support major Latin American corridors, including Mexico and Colombia. The latest move is positioned as an architectural shift: transitioning from crypto-assisted transfers toward a regulated, blockchain-native settlement layer built around issued stablecoins and managed liquidity. The U.S.–Mexico corridor is among the world's largest, handling hundreds of billions of dollars each year across remittances and corporate transactions. Bitso has been a significant participant in that ecosystem; placing MXNB on XRPL effectively anchors a portion of that activity to a blockchain-based settlement rail. A central component is the XRPL Permissioned DEX, which restricts access to verified institutions. The model is intended to keep liquidity activity within KYC and AML requirements while retaining on-chain speed and automation. In practical terms, RLUSD can be used to bring dollars on-chain, converted into MXNB, and settled via XRPL with fewer intermediaries and faster finality than traditional correspondent banking pathways. Bitso's existing scale—including billions in annual payment volume and a strong institutional footprint across Latin America—adds weight to the rollout. For Ripple, the MXNB integration supports its broader effort to build regulated liquidity infrastructure and expand the role of stablecoins as real-world settlement instruments. The broader takeaway is a continued shift toward tokenized liquidity in cross-border payments, with XRPL positioning itself closer to the center of that transition.