Bitso Brings Peso-Backed MXNB Stablecoin to XRP Ledger Through Ripple Partnership

Bitso is bringing MXNB, its Mexican peso-backed stablecoin, to the XRP Ledger through a partnership with Ripple. The companies are pairing MXNB with Ripple’s RLUSD stablecoin on the network to support institutional cross-border payments between the United States and Mexico.

The development matters because it targets one of the most active payment corridors in the Americas and adds another stablecoin settlement option for institutions using blockchain-based rails. For readers tracking crypto infrastructure, the move shows how stablecoins are being positioned beyond trading, with companies focusing on settlement and payments use cases.

MXNB is designed to represent the Mexican peso, while RLUSD is Ripple’s dollar-linked stablecoin. By using both assets on the XRP Ledger, Bitso and Ripple are aiming to create a structure for peso and dollar settlement within the same blockchain environment.

The partnership also arrives as stablecoin adoption continues to grow across Latin America. In that context, a peso-backed asset on a major public blockchain gives institutions another tool for cross-border transactions where local currency access and dollar liquidity both matter.

The companies have framed the rollout around institutional payments rather than retail speculation. As with any stablecoin initiative, adoption will depend on liquidity, compliance, integrations and whether businesses see a practical advantage over existing payment channels.