Ripple, a blockchain-based digital payment network, and digital financial services company Bitso have expanded their payments partnership by bringing Bitso’s peso-backed stablecoin, MXNB, to the XRP Ledger (XRPL). The move intends to add regulated Mexican peso liquidity to enterprise cross-border settlement flows across Latin America.
According to the official announcement, the initiative would see MXNB integrated into XRPL’s Permissioned Decentralized Exchange (DEX), where it will operate alongside Ripple’s dollar-backed stablecoin, RLUSD. The companies said the combination is intended to support enterprise settlement and liquidity management for cross-border payment flows, particularly between the United States and Mexico.
XRPL adds peso-denominated liquidity
Under the expanded partnership, MXNB will be issued on XRPL and connected to Ripple’s developing payments on DEX infrastructure. The integration introduces regulated peso-denominated liquidity to XRPL’s enterprise-focused ecosystem, giving financial institutions and payment providers access to both Mexican peso and U.S. dollar settlement assets onchain.
Ripple and Bitso have previously collaborated on payment infrastructure supporting remittance and payout corridors across Latin America, including Mexico and Colombia. The latest expansion extends that relationship into stablecoin-based settlement and decentralized liquidity networks.
Why the expansion matters
The U.S.–Mexico corridor is among the largest cross-border payment routes globally, handling billions of dollars in remittances and business payments each year.
While dollar-backed stablecoins have become widely used in international settlements, access to regulated local-currency stablecoins remains relatively limited. The addition of MXNB creates a peso-native settlement option that can be used alongside RLUSD, potentially reducing reliance on multiple offchain conversions.
For institutions moving funds between dollars and pesos, the structure could streamline liquidity sourcing and settlement processes within regulated blockchain infrastructure.
Focus on regulated enterprise settlement
MXNB will operate through XRPL’s Permissioned DEX, a trading environment designed for regulated financial activity and verified counterparties. According to Ripple, the infrastructure is intended to provide compliance-focused access to onchain liquidity while supporting institutional settlement requirements. The model differs from open-access decentralized exchanges by restricting participation to approved entities.
Silvio Pegado, Ripple’s Managing Director for Latin America, commented on the integration, stating, “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.”
Bitso similarly described MXNB as a stablecoin designed for institutional settlement needs, emphasizing its role in cross-border payment operations.
AI agents enter XRPL stack with new starter kit
The collaboration comes just a day after Ripple launched the XRPL AI Starter Kit, a developer toolkit for building applications where AI agents can independently send, receive, and manage payments on the XRP Ledger (XRPL), supporting XRP and RLUSD.
The toolset includes wallet and payment modules, real-time transaction tracking, and integrations such as the XRPL Docs MCP Server, enabling AI systems like Claude Code, Claude Desktop, and Cursor to access ledger data and execute basic financial actions without human input.
Expanding infrastructure beyond payments
The MXNB launch comes as Ripple continues to broaden the XRP Ledger’s institutional infrastructure.
In recent months, the company has focused on developing permissioned trading venues, enterprise stablecoin networks, and tokenized asset infrastructure aimed at financial institutions. The addition of MXNB strengthens that strategy by introducing regulated peso liquidity to the network and expanding XRPL’s role in Latin American payment markets.
For Bitso, the integration extends MXNB’s reach beyond exchange services and positions the stablecoin within a growing network of enterprise settlement tools built on XRPL.
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