Ripple has expanded its payments infrastructure in Latin America by bringing Bitso’s Mexican peso-backed stablecoin, MXNB, onto the XRP Ledger and integrating the asset into its enterprise payment network.
Summary
- Ripple and Bitso have expanded their partnership by launching the MXNB stablecoin on the XRP Ledger.
- MXNB and RLUSD will support regulated cross-border payment settlements between the U.S. and Mexico.
- The launch adds to XRPL’s growing enterprise payments and AI-driven transaction ecosystem.
According to a June 11 press release by the Ripple team, the company is extending its partnership with Latin American fintech firm Bitso through the issuance of MXNB on the XRP Ledger. Ripple stated that the stablecoin will also be integrated into its Payments on Decentralized Exchange infrastructure, adding another regulated settlement asset to its cross-border payments network.
The move places MXNB alongside Ripple USD (RLUSD), with both stablecoins supporting liquidity and settlement for enterprise transactions between the United States and Mexico. Ripple said the combination is intended to facilitate regulated cross-border payment flows while using blockchain-based settlement infrastructure.
MXNB enters Ripple’s enterprise payment stack
Within the new arrangement, MXNB will operate on the XRPL Permissioned DEX, a trading environment designed for verified participants. According to Ripple, the integration allows approved counterparties to access on-chain liquidity and settlement services in a compliance-focused setting.
The Permissioned DEX forms part of a series of institutional-focused upgrades introduced earlier this year by Ripple and XRP Ledger developers. Recent network updates approved by validators also included enhancements related to the permissioned trading environment, reinforcing the infrastructure that supports regulated financial activity on XRPL.
Commenting on the collaboration, Ripple Managing Director for Latin America Silvio Pegado said:
“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.”
Pegado added that the infrastructure represents the next stage in how value moves between U.S. dollars and Mexican pesos.
Separate remarks from XRP Ledger validator Vet highlighted the role of the XRPL DEX in institutional liquidity and trading. In a post on X, Vet welcomed the arrival of the Mexican peso-backed stablecoin and noted that MXNB will trade alongside RLUSD on the network.
XRPL adoption extends beyond traditional payments
The MXNB launch arrives as Ripple continues adding payment, tokenization, and artificial intelligence-related functionality to the XRP Ledger ecosystem.
Earlier this week, Ripple introduced an AI Starter Kit designed to help developers build agent-based payment applications on XRPL. The company also announced that the XRP Ledger is now supported by the X402 protocol, allowing AI agents to transact using XRP and RLUSD.
At the same time, activity around RLUSD has expanded through partnerships outside Ripple’s own ecosystem. As previously reported by crypto.news, Mastercard recently launched Agent Pay for Machines, an AI payment network supported by more than 30 organizations, including Ripple, Coinbase, and the Solana Foundation.
According to Mastercard, the platform enables autonomous software agents to conduct payments, settlements, and machine-to-machine transactions while operating under user-defined spending limits and authorization rules. Mastercard also stated that the system supports multiple payment rails, including stablecoin-based settlement.
Meanwhile, crypto.news previously reported that Mastercard has implemented 24/7 settlement capabilities using RLUSD on the XRP Ledger, adding another enterprise use case for Ripple’s stablecoin infrastructure as adoption of blockchain-based payment networks continues to grow across institutional markets.
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